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
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