Taiwan's stock market is wobbling ahead of the US midterm elections, but analysts say the AI-driven bull run is not over, framing this as a short-term scare rather than a trend reversal.

• Investors fear Democrats winning Congress could slow down data center buildouts by US tech giants, which would hurt Taiwan's chip and electronics supply chain.
• Analysts argue a split Congress could actually reduce policy uncertainty by slowing down controversial moves, so the election outcome isn't necessarily bad for stocks.
• The real driver for Taiwan stocks is whether AI demand and tech company spending keep growing, not who controls Congress.
• Taiwan's market already dropped sharply after a long holiday weekend, hurt by big foreign selling, semiconductor swings in US trading, and worries about an AI bubble.
• Taiwan's currency keeps weakening even though exports and AI-driven profits are strong, because money is flowing out of the country faster than it's coming in.

Outlook: This week's earnings reports from major chipmakers and tech firms, plus the Fed meeting, will likely decide whether Taiwan's market stabilizes or keeps sliding toward lower support levels.