Taiwan share prices fell for the fifth time in six days yesterday amid continuing worries over the fallout from the US subprime mortgage sector, with Wall Street's weaker finish contributing to the caution, dealers said.
"Subprime fallout remains an overhanging issue for investors, and exporters are vulnerable to falling US demand," said Sam Hsieh (
The weighted index closed down 15.80 points, or 0.17 percent, at 9,292.80, off a low of 9,278.01 and a high of 9,368.46. Turnover was NT$151.43 billion (US$4.67 billion).
However, investors stopped short of taking a more aggressive stance over uncertainty about whether the government will act on a proposal by Democratic Progressive Party presidential candidate Frank Hsieh (
Meanwhile, Hon Hai Precision Industry Co (
Hon Hai, Taiwan's biggest electronics company, fell NT$5, or 2.1 percent, to NT$230.
Mediatek Inc (聯發科), the world's largest supplier of chips for DVD players, dropped NT$30, or 5.4 percent, to NT$522.
Largan Precision Co (
Largan Precision, a maker of optical lenses and shutters for mobile phones, jumped NT$26.50, or 6.9 percent, to NT$409.50, the biggest gain since Oct. 2.
Wintek Corp (
Meanwhile, Google, owner of the world's most popular Internet search engine, said yesterday it will work with companies including Sprint Nextel Corp and T-Mobile USA Inc on a mobile-phone operating system, code-named "Android."
High Tech Computer Corp (
High Tech, the world's biggest maker by volume of handsets based on Microsoft Corp's Windows operating system, fell NT$8, or 1.3 percent, to NT$622 after rising as much as 1.6 percent.
High Tech was sued by Boothwyn, Pennsylvania-based Replevix on claims it infringed a patent for mobile computer programs. Replevix filed its complaint in federal court in Philadelphia.