Taiwan's market is churning sideways at a high level, which is neutral for now but good for memory chip and panel makers riding a fresh wave of buying.

• The index opened higher near 48,000 then slipped into the red as big weighted stocks went in different directions.
• Memory stocks bounced after strong Micron results and bigger long-term supply promises, lifting Nanya, Winbond and Macronix.
• Panel makers Au Optronics and Innolux drew heavy trading right at the open.
• US markets steadied on the first trading day of October as government bond yields fell back from multi-year highs and weak inflation data plus dovish Fed comments helped chip stocks lead gains.
• Foreign investors bought Taiwan shares for a second day, with ETFs taking most of the money.

Outlook: Momentum stays with chip and memory names while the index tests whether it can hold the 48,000 level.