Taipei  - Taiwan's stocks ended 3.39 per cent lower Thursday on a sharp overnight fall on Wall Street, dealers said.

The Taiex weighted price index closed down 283.28 points at 8,062.31.

Dealers said the poor performance of Wall Street because of weak US economic data and a rise in international oil prices wore down the confidence of local investors, resulting in strong selling.

All eight major economic sectors fell with the paper subindex losing 6.1 per cent to become the biggest loser of the day, followed by construction at 5.2 per cent and cement at 4.9 per cent. (dpa)