Taiwan's stock market is caught between booming demand for AI power infrastructure and a broader tech sell-off, making this a mixed but closely watched session for investors.

• Hongyu Electric, a 40-year veteran in heavy electrical equipment, is going public in late November and has orders booked out to 2028, driven by demand for AI data center power systems, a partnership with Schneider Electric, and new factories in Vietnam and the US.
• Taiwan's benchmark index fell over 1.6% as US tech stock weakness spilled over, dragging chip and electronics names down with it.
• MediaTek surged after analysts raised its price target sharply on strong AI chip demand, while Delta Electronics has dropped over 40% in less than a month despite otherwise strong AI-related business.
• A leadership fight is brewing at Powerchip's investment holding company after its founder's death, with accusations of an illegal takeover attempt by outside buyers.
• Several Taiwan-listed income funds (ETFs) are under pressure, trading below their issue price even as they pay out dividends, confusing retail investors chasing yield.

Outlook: AI-driven demand for power infrastructure and chips should keep supporting companies tied to data centers, but broader Taiwan tech stocks will likely stay volatile as long as US tech markets remain shaky.