Taiwan's stock market suffered a sharp selloff, dragged down by weak US tech earnings, in a drop that's bad news for investors but could mean cheaper entry points ahead.

• Taiwan's main index fell over 1,250 points at its worst, breaking below a key technical support level, after US tech giants Google, Amazon, and Intel posted disappointing earnings.
• Chip giant TSMC, along with MediaTek, Foxconn, and Delta Electronics, all dropped sharply, while panel makers AU Optronics and Innolux crashed 8-9% after AU Optronics reported a quarterly loss.
• Foreign investors dumped Taiwanese stocks heavily, with chipmaker UMC hit hardest and falling to its daily limit.
• In the US, Google's parent Alphabet sank about 12% on fears that its massive AI spending isn't paying off, pulling down the Nasdaq and chip stocks, even though over 400 S&P 500 companies actually rose.
• The Fed held interest rates steady, but a White House official hinted another rate hike could still happen if inflation stays high.

Outlook: Markets will likely stay volatile as investors wait to see whether AI spending by big tech starts paying off and watch for signs of renewed Fed rate hikes.