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■ Stocks follow regional decline
Shares closed 1.17 percent lower yesterday, in line with weakness on other Asian bourses after an indifferent Wall Street performance overnight, dealers said.
They said the latest corporate sales figures heightened concerns over the earnings outlook here as well as in the US.
The TAIEX lost 91.49 points at 7,698.52 on turnover of NT$140.489 billion (US$4.29 billion).
Decliners outnumbered gainers 934 to 320, with 123 stocks unchanged.
"The Taiwan market joined its Asian peers in the downswing," said Michael On, president of Beyond Asset Management Co.
"Taipei stocks continued to fall in a correction after their previous rally," On said, adding that investors were cautious ahead of further corporate earnings reports.

■ TSMC sales fall
Taiwan Semiconductor Manufact-uring Co (TSMC, 台積電) said yesterday that its sales last month dropped 8.7 percent to NT$22.87 billion (US$697 million) from the previous month.
The world's largest wafer foundry said that sales totaled NT$317.47 billion for the full year.
Parent-level sales for last month came in at NT$22.38 billion, down from NT$24.71 billion achieved in November and down 18.4 percent year-on-year.
For the full year, parent sales rose 18.6 percent to NT$313.88 billion, it said.
For the fourth quarter to December, sales stood at NT$74.96 billion against NT$82.48 billion recorded in the third quarter.
The fourth-quarter figure compares with TSMC's projection of NT$74 billion to NT$76 billion made in October.

■ Chunghwa Telecom sales up
Chunghwa Telecom Co (中華電信), the nation's largest telephone operator, reported a 3.2 percent gain in sales last month.
Revenue increased to NT$16.5 billion (US$502 million) from NT$15.94 billion a year earlier, the Taipei-based company said in a filing to the Taiwan Stock Exchange Corp. Sales rose from NT$15.21 billion in the previous month.
Sales for the full year rose 0.6 percent to NT$184.39 billion from NT$183.38 billion a year earlier, the statement said.

■ High hopes for science park
The National Science Council has estimated that the Central Taiwan Science Park (中部科學園區) will generate NT$240 billion (US$7.33 billion) in total revenue this year, while in 2015 the total revenue will surpass NT$1 trillion, officials said on Tuesday.
The remark came after the Legislative Yuan passed the third reading of an organic law for the park's administration bureau.
The officials said that 85 companies have received approval to set up plants in the park since it was established more than three years ago.
Total investment in the park this year is forecast to exceed NT$2 trillion, the officials said, adding that total revenue is likely to surpass NT$240 billion with the creation of nearly 30,000 jobs.
The law will accelerate the park's development and enable it to be on par with the two other science industrial parks in Hsinchu County and Tainan County, according to the officials.

■ NT dollar stays weak
The New Taiwan dollar remained weak against its US counterpart yesterday due to foreign fund outflows, traders said.
The local currency dropped NT$0.069 to close at NT$32.759 against the US dollar on the Taipei Forex Inc, on turnover of US$936.5 million.
Foreign fund managers sold a net NT$13.06 billion (US$398 million) worth of Taiwanese stocks yesterday, according to Taiwan Stock Exchange Corp's tallies.

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