TSMC Shareholder Meeting Fails to Boost Market; Taiwan Stocks Plunge 781 Points

(Central News Agency, reporter Tseng Jen-kai, Taipei, June 4) As the Taipei International Computer Show (COMPUTEX) draws to a close, the Taiwan stock market, after hitting record highs for four consecutive trading days, fell from its peak today. The TAIEX closed at its daily low of 45,677.46, down 781.70 points, with a turnover of approximately NT$1.2388 trillion. TSMC held its shareholder meeting today. Chairman C.C. Wei stated that the company's prospects for the next few years are very good. However, the positive news failed to boost the stock, which fell NT$40, or 1.65%, to close at its daily low of NT$2,385. MediaTek opened higher but closed lower, falling NT$115, or 2.53%, to NT$4,430. Delta Electronics fell NT$30, or 1.22%, to NT$2,425. Hon Hai fell NT$16, or 5.18%, to NT$293, losing the NT$300 mark. (Editor: Chang Chun-mao) 1150604