The TAIEX dropped, led by Taiwan Semiconductor Manu-facturing Co (TSMC, 台積電), after its management and the government sold 1.5 percent of the company's stock at a discount to the closing price of its US shares.
The TAIEX declined 14.21, or 0.2 percent, to 5857.93, down 1.6 percent in the week. Within the index, 241 stocks fell and 235 rose as five of the 10 most active stocks by value rose and five fell.
The total value of trade yesterday was NT$132.5 billion (US$3.8 billion), little changed from Thursday's NT$136.4 billion.
United Microelectronics Corp (UMC, 聯電) gained after it teamed up with Advanced Micro Devices Inc to build a chip plant in Singapore, helping it cement its position as one of the world's few remaining chip producers.
"The next transition to new technology is so monumental that only a few companies can afford it," said Mark FitzGerald, a senior analyst at Banc of America Securities in San Francisco.
UMC rose NT$0.3, or 0.6 percent, to NT$46.90. Its US shares rose 2.6 percent to US$8.82 Thursday.
TSMC fell NT$2, or 2.3 percent, to NT$85.50. Taiwan's government and the management of TSMC raised US$871 million selling a 1.5 percent stake in the company overseas, with most of the proceeds earmarked to help plug government coffers.
The shares were sold in the form of American depositary receipts and priced at US$16.75 each, a 1.3 percent discount to the close of the company's US shares, said John Daly, co-head of equity capital markets at the sale's underwriter Goldman Sachs Group Inc. The company's US shares fell 4 percent to US$16.97 Thursday.
ADI Corp (誠洲) plunged NT$0.16, or 7 percent, to NT$2.14 after the computer-monitor maker was placed into receivership Thursday after banks refused to extend new credit.
Chunghwa Telecom Co (
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