Taiwan's stock market is holding its ground for now, but analysts see a choppy, range-bound few weeks ahead — a wait-and-see setup for investors rather than a clear buy or sell signal.

• Friday's rally leaned on chip heavyweights, and gains in TSMC and UMC's US-listed shares lifted the mood again.
• Four things to watch: US government bond yields, the global central bank meeting, Nvidia's earnings, and whether the dollar keeps sliding.
• The bigger danger is a "long bond storm" — yields on 10-, 20- and 30-year US, European and Japanese debt keep hitting new highs, and that stress could spread worldwide.
• AI stocks are still shaky, so traditional and financial shares are expected to steady the market for another week before AI leaders can rally again.
• Fund managers favor advanced chipmaking and packaging, memory, AI server parts, plus plastics and power companies, paired with financial holdings and high-dividend names.

Outlook: Expect sideways trading into month-end with 46,000 acting as a ceiling, and short-term dips seen as buying chances unless the long bond selloff worsens.