Taiwan's market clawed back a shaky session and closed higher, with foreign money flowing back in — good news for shipping and memory-chip shareholders.

• The index swung from a 400-point gain to a 200-point loss before finishing up, saved by memory chips and a late lift in TSMC.
• Foreign investors flipped to net buying, putting the biggest slice of it into shipping firm Yang Ming.
• Yang Ming has been bought five days running and its stock is up 17% this week on heavy volume.
• Money also went into steel, chipmakers UMC, Nanya and Winbond, cement, aerospace and other shipping names.

Outlook: Shipping and memory stocks look set to keep leading while foreign buying holds up.