![]() ![]() market performance dictated the Taiex throughout the session as TSMC led the weakness," equity market analyst Andy Hsu said. TSMC's losses contributed about 150 points to the Taiex's fall and sent the bellwether electronics sector down 1.98 percent. The local tech sector's weakness continued as TSMC closed at the day's low of NT$540.00, falling 3.23 percent, after a 2.43 percent decline on its American depositary receipts (ADRs) on Friday. TSMC, the local market's most heavily weighted stock, was the target of particular attention as investors took cues from a 3.01 percent plunge on the Philadelphia Semiconductor Index Friday, itself driven by lingering concerns relating to end-user demand. The market opened down 0.16 percent and selling soon escalated. Turnover totaled NT$278.75 billion (US$8.72 billion). The Taiex, the Taiwan Stock Exchange's (TWSE) weighted index, ended down 222.68 points, or 1.32 percent, at the day's low of 16,698.24 after coming off a high of 16,893.97. Market sentiment remained cautious ahead of a two-day policymaking meeting scheduled by the U.S. markets at the end of last week, dealers said. (TSMC) coming under pressure following heavy losses for its counterparts on the U.S. ![]() 18 (CNA) Shares in Taiwan took a beating Monday, falling by more than 220 points to close below the 16,700 mark, with contract chipmaker Taiwan Semiconductor Manufacturing Co. ![]()
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