Taiwan's stock market bounced back after a sharp drop the day before, good news for investors who feared a deeper slide.

• The index opened higher and gained more than 400 points, climbing back above 45,000.
• TSMC rose while MediaTek and Delta slipped; memory chip makers like Nanya and Winbond jumped hardest.
• The day before, foreign investors dumped shares heavily and the index fell nearly 600 points as a US chip index tumbled and Korean stocks tripped circuit breakers.
• US stocks ended a three-day losing streak after the Treasury chief said he would double buybacks of long-term government bonds to calm rising interest rates.
• Fed minutes showed several officials still lean toward raising rates if inflation does not cool.

Outlook: The bounce looks fragile, with Wall Street analysts warning that late August through early October is usually a weak stretch for stocks.