Shipping shares advance as the Taiex drops 3.6 per cent

Shipping and transportation shares rose an average of 1.8 per cent across six companies over the past week. Optoelectronics shares fell 12 per cent across four companies over the same period as the benchmark Taiex lost 3.6 per cent.

The index closed at 45,212 on 30 October after falling 2.5 per cent in the latest session, bringing its decline over the past month to 5.9 per cent. Among the 150 largest listed companies, 120 fell on the day and 26 rose. The benchmark remains up 56 per cent year to date.

Finance and insurance rose 1.4 per cent on average across 19 companies over the week. First Financial, a financial group, gained 8 per cent, while machinery maker Syntec Technology rose 7.7 per cent. Chipmaker Elite Semiconductor Microelectronics Technology rose 13 per cent over the week.

Electronic parts and components fell an average of 9.3 per cent across 20 companies. AUO, an optoelectronics maker, dropped 18 per cent over the week. EZconn, a telecoms and networking group, and Delta Electronics, an electronic components maker, also fell 18 per cent.