Taiwan's stock market bounced back at the open after a brutal selloff the day before, good news for local investors but still short of recovering the ground lost.

• The market opened higher and gained more than 350 points, led by TSMC, MediaTek, Hon Hai and Delta — but it has yet to win back the 49,000 level.
• The day before, foreign investors dumped a record-setting amount of Taiwanese stocks, the third-largest single-day selling spree ever, dragging the index down nearly 2%.
• Memory chip stocks split off from the rally and fell, hit by news that China's CXMT unveiled a new chip, raising fears of tougher competition.
• US stocks closed lower too, with mixed big-bank earnings and a five-day losing streak in chip stocks after Broadcom's chief warned about "casino-style" speculation in the market.
• Goldman Sachs flagged that the US bull run rests on a handful of tech and chip names — about a sixth of the S&P 500 sits more than 50% below its own peak.

Outlook: TSMC's earnings call on the 15th is the next big test, with foreign brokers already raising targets on strong AI demand.