Taiwan's market suffered its sixth-largest point drop ever, a heavy blow for local investors as chip stocks led the selloff.

• The main index fell 3.4% and broke below 47,000, with chipmaker TSMC caught in the selling.
• Hotter-than-expected US inflation triggered a global dump of tech and semiconductor stocks that spread across Asia.
• Foreign investors sold a record amount of Taiwanese shares in a single day, and the Taiwan dollar fell hard until the central bank stepped in.
• Korea fell even harder at over 8%, and Japan dropped more than 4%, putting Taiwan's loss in the middle of the pack for Asia.
• Regulators said company revenues are still growing strongly and margin accounts remain far above forced-selling levels, declining to say more than that they are watching closely.

Outlook: Some money quietly flowed back into big Taiwan index funds on the dip, but whether that turns into a bounce depends on how US inflation and AI funding worries play out.