Taiwan shares closed down 8.93 points, or 0.05 percent, at 17,688.21 Monday on turnover of NT$295.33 billion (US$10.65 billion).Source: Focus Taiwan News Channel

Shares of Taiwan-based contract chipmaker Powerchip Semiconductor Manufacturing Corp. rose by more than 50 percent on Monday as it made its debut on the Taiwan Stock Exchange (TWSE), buoyed by a rosy outlook about the pure-play wafer foundry industry a…