Share prices closed 0.94 percent lower yesterday following further losses on Wall Street Friday, with tech bellwethers leading the decline, dealers said.
They said turnover fell as many investors took to the sidelines, unsure if the market might be closed today due to Typhoon Kaemi, which appears to be on its way towards the nation.
The weighted index lost 60.38 points at 6,359.63, after trading between 6,308.72 and 6,363.68, on turnover of NT$57.56 billion (US$1.75 billion).
Decliners led risers 707 to 271, with 120 stocks unchanged. Six stocks closed limit-down and seven limit-up.
The electronics sector was down 1.67 percent and financials shed 0.16 percent.
"With a typhoon just on our doorstep, investors could not bring themselves to take a very aggressive stance," SinoPac Securities (
They found no strong reason even for bargain-hunting as Wall Street may still see further volatility in the near-term, Teng said.
He said investors were waiting for second quarter results both in the US and at home before making the next move.
Taiwan Semiconductor Manufacturing Co (
Chunghwa Picture Tubes Ltd (中華映管) was up NT$0.04 at NT$7.24 and AU Optronics Corp (友達光電) gained NT$0.80 to NT$48.50 while Chi Mei Optoelectronics Corp (奇美電子) lost NT$0.55 to NT$37.55.
Chinatrust Financial Holding Co (中信金控) held steady at NT$24.50.
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