The weighted index fell 21.09 points at 4,284.09, off a high of 4,320.85 and a low of 4,226.49, on turnover of NT$48.97 billion (US$1.49 billion).

Decliners led gainers 683 to 617, with 372 stocks unchanged.

A total of 58 stocks closed limit-down and 54 limit-up.

Electronics fell 0.69 percent, construction lost 2.21 percent, cement was down 0.53 percent and plastics/petrochemicals lost 0.36 percent.

Textiles and financials were up 1.37 percent and 1.14 percent, respectively.

“The whole world still doesn’t look good, and Taiwan shares have been testing new lows recently” on selling by foreign investors, said Dennes Chang of Jih Sun Securities Investment Trust.

Taiwan Semiconductor Manufacturing Co, the world’s largest contract chip maker, shed 1.3 percent to 38.00 Taiwan dollars. United Microelectronics Corp was 0.52 percent lower at 7.61.

China Steel lost 3 percent to 22.40 while Asia Cement was unchanged at 23.45.

Hon Hai Precision Industry rose 2.1 percent to 58.0 after closing at more than a 12-year low Tuesday.

Far Eastern Department Stores was limit-up 7 percent to 14.75 after Taipei unveiled a scheme to hand more than US$100 in shopping vouchers to each Taiwanese, which the government said would add 0.64 percent to the 2009 GDP.

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