Taiwan's stock market took a sharp hit as foreign money pulled out fast, a bad day for local investors but a normal shakeout after a long run higher.

• The main Taiwan index fell 784 points, with foreign and Chinese investors selling the most in years-heavy volume.
• Local institutions sold too — dealers and investment trusts joined the exodus, pushing total selling past NT$115 billion.
• Chipmakers and leveraged index funds were dumped hardest, while investors quietly bought bank and financial stocks instead.
• TSMC held its crown as the top pick among foreign investors for the year, while Foxconn dropped out of the top ten.
• A wave of high-dividend ETFs is paying out this month, with some offering yields near 20% as people chase steady income.

Outlook: Selling pressure may continue while the market waits on the Fed, though money is rotating into banks and dividend funds rather than leaving entirely.