Taiwan's stock market just took a brutal hit, and President Lai Ching-te is trying to stop a panic from spreading.

• Taiwan's main stock index fell over 5,000 points in six trading days, dragged down by the sharp U.S. stock sell-off, with AI and memory-chip stocks hit hardest.
• Lai Ching-te said the market swings are expected fallout from new U.S. political dynamics after the midterm elections, not a sign Taiwan's tech future is in trouble.
• He said the global shift toward AI will keep going regardless, and Taiwan's tech industry should keep growing, while the government rolls out measures to help stabilize markets.
• The sell-off ties back to a broader U.S. stock downturn, so Taiwan's rebound depends heavily on when American markets steady out.

Outlook: Expect continued volatility in Taiwan's market until U.S. stocks, especially AI and tech names, find a bottom.