Taiwan's stock market just suffered its worst crash in history, and while government money is now stepping in, experts warn a real bottom isn't here yet — bad news for anyone holding stocks, but possibly a buying opportunity for the patient.

• Taiwan's main index plunged over 3,700 points in a single session, briefly falling below its yearly average price, before a late bounce.
• The root cause is US tech stocks, especially chip stocks, swinging wildly — Taiwan's market moves in lockstep with them, so no real calm is likely until US tech settles down.
• Investors are rushing to pay off margin loans at record pace, which actually signals panic selling, something that often happens right before a bounce.
• Taiwan's government stabilization fund is jumping in to prop up prices, but its firepower is tiny compared to the amount of money foreign investors can pull out in a single day — so its intervention doesn't guarantee a turnaround, it's just historically timed to coincide with bottoms.
• Everyday investors got hit hard: some bought the dip and got mocked online with rumors of bankruptcy, while others — including local celebrities — are nursing big paper losses, half-joking about being wiped out.

Outlook: A short-term bounce looks likely given how oversold the market is, but a lasting recovery depends on whether US tech stocks, especially semiconductors, stabilize first.