Shares finished moderately lower yesterday led by declines in financial and technology issues.
The TAIEX finished down 17.17 points, or 0.3 percent, at 6,048.74. Decliners outnumbered advancers 541 to 328, while 151 issues ended the day unchanged.
Concerns over the continued net selling of Taiwanese stocks by foreign investors, rising interest rates across the globe, and changes in the country's accounting rules made investors reluctant to put money in the local stock market, dealers said.
Saturday's peaceful protest against China's "Anti-Secession" Law did little to boost share prices, traders and analysts said.
Financial stocks were among the worst performers yesterday, falling 0.7 percent overall. Chang Hwa Bank (彰化銀行) was down 2.3 percent to NT$18.80 on continued speculation that the government's plan to sell the bank's shares to foreign investors may fall through.
China Development Financial Holding (
Shares of flat-panel screen makers were lower on profit-taking. Chi Mei Optoelectronics Corp (
Analysts said large selling by foreign investors recently also softened the Taiwanese stock market.
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