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

• The benchmark index fell under half a percent, closing just above 47,100 points.
• Trading was heavy, with turnover near NT$877 billion (about $28 billion).
• The drop was small enough to read as profit-taking rather than a change in direction.
• Taiwan's market is closely tied to chipmakers, so global tech demand drives most of its moves.

Outlook: Direction from here depends on demand for chips and how global tech stocks trade.