Taiwan Weighted Index Falls 4.5% to 39,701.64, Entering Technical Bear Market

The move from a high-water mark to a technical bear market is as much about momentum and positioning as about fundamentals, and crossing that threshold can itself feed further de-risking as mechanical and risk-budget rules kick in. The read-across matters most for markets and sectors closely tied to Taiwan's export and technology complex, where sentiment can shift faster than earnings. Whether the index stabilizes near this level or the correction deepens is the open question, and the pace of any rebound attempt will say more about underlying demand than the headline percentage does.