Taiwan's stock market closed near an all-time high thanks to government buying, but foreign investors kept dumping shares for an eighth straight day — a mixed signal for Taiwan's economy.

• Taiwan's stock index closed at its second-highest level ever, helped by the national stabilization fund stepping in to support prices.
• Foreign investors sold off heavily again, with chipmaker UMC, TSMC, and several ETFs among the most sold stocks, bringing their selling streak to eight days in a row.
• Analysts say it's too early to call a true bottom for Taiwan stocks, since the move depends heavily on U.S. tech stocks and chip stocks, which haven't recovered yet.
• Nvidia is investigating whether CEO Jensen Huang was targeted by a foreign intelligence operation after an affair scandal, raising worries about chip security and putting pressure on Nvidia's stock.
• Bitcoin and other cryptocurrencies dropped to two-month lows on fears that Democrats gaining more control in the U.S. Congress could mean tougher crypto regulation.

Outlook: Taiwan stocks may keep bouncing if U.S. tech stocks stay strong, but continued foreign selling and uncertainty around Nvidia and crypto regulation could cap the recovery.