Share prices snapped a five-day winning streak to close 0.24 percent lower yesterday as investors took profits in the absence of a lead from Wall Street, which was closed for a holiday, dealers said.
The TAIEX lost 16.05 points at 6,734.73. Turnover was NT$76.38 billion (US$2.33 billion).
The exchange's decliners outnumbered gainers 677 to 360, with 165 stocks unchanged.
"The market had previously managed a recovery of nearly 300 points on the index, which sparked profit-taking today," said Tank Hung, a manager with Mega International Investment Services Co (兆豐投顧).
Financial data has also shown mounting technical resistance and and market watchers speculated that Wall Street might also come under pressure.
"Electronics had an early start in securing gains, and as a result they were also hit early on by profit-taking pressure today," Hung said.
He also said the market may be entering a consolidation phase.
ProMOS Technologies Inc (
United Microelectronics Corp (聯電) fell NT$0.10 to NT$18.20, despite a report that China-based chipmaker HeJian Technology Co Ltd (Suzhou) Co (和艦科技) has issued letters of inquiry to its shareholders regarding its planned initial public offering in Singapore in the first quarter next year.
AU Optronics Corp (
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