Shares closed down 3.35 percent yesterday in Taipei, skidding lower after a slide on Wall Street last week, dealers said.
A share price tumble in China and moves to slow its booming economy also hit sentiment, dealers said.
The TAIEX closed down 300.31 points at 8,670.61 on turnover of NT$142.87 billion (US$4.42 billion).
Decliners led risers 1,927 to 241, with 188 stocks unchanged.
"World markets will have to look to Wall Street for signs of stability" after sliding US shares set off a global downturn, said a trader who requested anonymity.
He said that the credit crisis in the US, which has spooked investors worldwide, was far from over.
"The US ... started the whole mess and only the US can prove an effective source of consolidation going forward," he added.
AVOIDING CONFUSION: Passengers are to be able to check in two items of luggage, while the free weight allowance is to be increased to conform with other airlines EVA Airways Corp (長榮航空) yesterday announced that from June 23 it is to adopt a new baggage allowance policy for all passengers with a higher weight limit as it aims to benefit passengers and increase efficiency. The airline currently has a two-system baggage policy: It allows passengers flying to the US and Canada to check in two pieces of baggage with a free weight allowance, while for those flying to Asia, Europe and Oceania there is also a free weight allowance, but no limit on the number of pieces of baggage. From June 23, passengers would be able to check in two
MORE THAN BUZZ: The chip designer said it has received numerous orders from automakers to supply 5G modem chips, as it works to expand beyond smartphones MediaTek Inc (聯發科) yesterday said it would ship the first 5G chips for vehicles to customers in the Asia-Pacific region by the end of the year, as it moves to expand the reach of its 5G chips beyond smartphones. The Hsinchu-based chip designer said it has been developing 5G chips for connected vehicles over the past few years, targeting applications such as telematics and in-vehicle information systems. “We are seeing demand for 5G technology from numerous makers of connected cars, including electric vehicle makers. We have obtained numerous orders from automakers to supply 5G modem chips with highly integrated features,” J.C. Hsu
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