Taiwan's stock market slipped on Thursday, a mild pullback that leaves the benchmark index still near record territory.

• The Taipei benchmark index fell 0.67% to close at 45,857.66.
• Trading volume was heavy, with nearly NT$946 billion changing hands.
• The drop looks like ordinary profit-taking rather than a sign of trouble, given how high the index sits.
• The Taiwan dollar strengthened against the U.S. dollar in the same session.

Outlook: With the index holding above 45,000, small daily swings are more likely than a real turn lower unless chip demand cools.