Shares ended slightly lower yesterday as investors turned cautious after recent gains.
The TAIEX fell 23.16 points, or 0.4 percent, to 6,356.84 on turnover of NT$106.51 billion (US$3.33 billion).
Since mid-April, the index has risen 16.5 percent.
"Investors are now less eager to chase prices higher after the big rally recently," said Derek Lam, Fubon Securities Co's (富邦證券) head of trading.
Despite the overall drop yesterday, chip designer Silicon Integrated Systems Corp (
Silicon Integrated soared 6.8 percent yesterday to NT$27.40 after a Chinese-language business daily reported the company will get orders from Intel.
United Microelectronics Corp (UMC,
Surging oil prices hurt China Airlines (
Securities stocks were stronger on analysts' expectations that the stock market would perform better in the second half of the year compared to the first half.
"As the economy is on a recovery track, this should be good for our exports, thus auguring well for our stock market," said Sarah Hung, a Fubon Securities banking analyst.
Polaris Securities Co (
AI REVOLUTION: The event is to take place from Wednesday to Friday at the Taipei Nangang Exhibition Center’s halls 1 and 2 and would feature more than 1,100 exhibitors Semicon Taiwan, an annual international semiconductor exhibition, would bring leaders from the world’s top technology firms to Taipei this year, the event organizer said. The CEO Summit is to feature nine global leaders from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ASE Technology Holding Co (ASE, 日月光投控), Applied Materials Inc, Google, Samsung Electronics Co, SK Hynix Inc, Microsoft Corp, Interuniversity Microelectronic Centre and Marvell Technology Group Ltd, SEMI said in a news release last week. The top executives would delve into how semiconductors are positioned as the driving force behind global technological innovation amid the artificial intelligence (AI) revolution, the organizer said. Among them,
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