The Weighted Price Index of the Taiwan Stock Exchange fell 251.29 points, or 2.7 percent, to close at 8,931.31 points on moderate volume.

Stanley Chou of Mega International Investment predicted continuing losses next Monday, but said that shares would be supported at the 8,900 mark as government funds poured into the market.

"Concerns over fallout of subprime loans next week (will) push foreign investors to trim their holdings in heavyweight stocks," he said.

In Friday's trading the financial subindex was particularly weak, sliding 4.1 percent.

Cathay Financial was down 4.8 percent to New Taiwan dollars 77.7.

Electronics issues were also weak, dropping 2.8 percent.

TSMC was down 3.5 percent to NT$61.6.

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