The Taiex Index was little changed at 7,072.08. The gauge slid 21 percent this year, the biggest annual drop since 2008.
Long Bon International Co. (2514) (2514 TT), a provider of insurance products, advanced 1 percent to NT$10.65, halting a three-day retreat. The company plans to sell NT$600 million ($19.8 million) of five-year unsecured convertible bonds, according to a statement to the stock exchange.
Tung Ho Steel Enterprise Corp. (2006) (2006 TT) dropped 1.1 percent to NT$26.60, the steepest loss since Dec. 19. The steelmaker was cut to “neutral” from “buy” at Jih Sun Securities by equity analyst Rita Hsueh.
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