The TAIEX yesterday plunged 1.88 percent to close below 16,000 points following an overnight dive on the tech-heavy NASDAQ and the Philadelphia Semiconductor Index in the US.
The benchmark index fell 305.32 points to close at 15,906.41, below the monthly moving average of 15,951.
Turnover totaled NT$327.678 billion (US$11.59 billion) during the trading session.
Foreign institutional investors sold a net NT$52.52 billion of shares on the main board, Taiwan Stock Exchange data showed.
Contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and United Microelectronics Corp (UMC, 聯電) led the main board, moving lower throughout the session after their American depositary receipts dropped 2.47 and
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