Taiwan stocks ended flat on Friday as Dell Inc's weak revenue forecast weighed down shares of its Taiwan suppliers like Quanta Computer Inc, while investors switched funds to small-cap cyclical shares.
The main TAIEX share index ended down 0.04 percent at 6,350.90, and turnover was flat with Thursday at T$91.03 billion ($2.85 billion). The TAIEX has weakened since hitting a 15-month intrude high on August 4, with investors reluctant to add to holdings after recent gains.
Growing confidence in the tech sector's recovery has helped the market. "We still don't have much confidence in the market because of the bleeding in the tech sector," said Alvin Teng, assistant manager at synoptic Securities.
But Quanta shares still hovered near a more than one-year high as a growing number of PC users replace boxy desktop computers with portables incorporating wireless functions. Shares of smaller rival Compel Electronics Inc finished off 3.07 percent at T$34.70. Microchip issues were not immune to the selling pressure.
Taiwan Semiconductor Manufacturing Co (TSMC) the world's top contract chip maker, gave up gains to end flat at T$53.60 and Nanny Tech, a maker of memory chips, fell 2.46 percent to T$23.80.
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