Shares in Taiwan closed lower for a fifth straight session on Monday on weakness in small- and medium-cap stocks after a promising start.
The market opened just under a percent higher as financial stocks benefited from a surge on Wall Street on Friday and an interest rate cut by the People's Bank of China, but it fell into negative territory within 90 minutes and never recovered.
The weighted index closed down 28.28 points, or 0.29 percent, at 9,663.72.