Stocks declined, led by exporters such as Taiwan Semiconductor Manufacturing Co (TSMC,
Exports last month rose 4.5 percent from a year ago to US$11.6 billion, the government said on Thursday after the market closed.
The TAIEX shed 26.52, or 0.5 percent, to 5,232.55. The index fell for a second week, losing 2.9 percent. Index futures expiring in August fell 1.4 percent to 5,206. About three stocks fell for every two that gained.
An average of 3.5 billion shares changed hands a day this week, the slowest trading week since the five days ended May 23.
"Investors are reluctant to put more money into equities until economic reports show a solid recovery," said Jim Chang, who helps manage the equivalent of US$495 million at ABN Amro Asset Management Taiwan Ltd in Taipei.
Also, "an increasing number of investors are going on their summer vacations," he said.
TSMC fell NT$2, or 3.3 percent, to NT$58. Rival UMC fell NT$0.40, or 1.8 percent, to NT$22.50.
AU Optronics Corp (友達光電), the world's fourth-largest maker of flat-panel displays for personal computers, rose for a second day after quadrupling its pretax profit forecast this year because of demand for computer panels. AU Optronics added NT$1.40, or 4 percent, to NT$36.30.
China Steel Corp (
Siliconware Precision Industries Co (矽品), the world's third-largest chip packager, gained NT$1.60, or 6.7 percent, to NT$25.40 after it said second-quarter profit more than tripled. Siliconware Precision said net income increased to NT$639 million ($19 million) in the three months ended June 30 from NT$185 million a year earlier.
Yulon Motor Co (裕隆) added NT$0.30, or 0.8 percent, to NT$40.30 after it said sales last month rose 23 percent to NT$3.7 billion from a year ago.
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