Taiwan's stock market roared back today after its worst week in years, and it's good news for investors who were panicking — at least for now.

• The government's stabilization fund officially stepped in to buy stocks after foreign investors dumped shares and panic spread through the market.
• Major stocks jumped hard: TSMC, MediaTek, Foxconn, and Delta Electronics all rose sharply at the open, pushing the index up over 2% and back above the 40,000 point mark.
• Last week was brutal — Taiwan stocks fell over 5,500 points (about 12%) in a single week, their biggest weekly drop ever, dragged down by a sharp selloff in US tech stocks tied to AI investment worries and political uncertainty after the US midterm elections.
• US tech stocks stabilized Friday, which helped set up today's rebound, though analysts warn the swings in US tech could keep Taiwan's market unsteady for a while longer.
• Separately, Binance confirmed its finance chief is leaving, just days after hackers stole $6.3 billion in assets from the crypto exchange.

Outlook: Analysts expect a short-term bounce to continue, but say it will take time for the market to fully settle given how closely tied Taiwan stocks are to volatile US tech shares.