Taiwan Weighted Index closed down 4.51% at 39,701.64 after rebounding from intraday lows to hold the annual moving average. Market participants said forced-margin liquidation pressure has largely eased and local authorities signalled that stabilisation measures may be forthcoming, which aided the rebound. A fresh wave of chip selling earlier dragged Asian markets and pushed Taiwan to a six-plus-month intraday low. Advancers 112, decliners 1,049. Heavyweights: TSMC -4.69%, ASE Technology Holding

Taiwan Weighted Index closed down 4.51% at 39,701.64 after rebounding from intraday lows to hold the annual moving average. Market participants said forced-margin liquidation pressure has largely eased and local authorities signalled that stabilisation measures may be forthcoming, which aided the rebound. A fresh wave of chip selling earlier dragged Asian markets and pushed Taiwan to a six-plus-month intraday low. Advancers 112, decliners 1,049. Heavyweights: TSMC -4.69%, ASE Technology Holding -7.86%, Delta Electronics -6.63%, Foxconn -4.46%, MediaTek -2.02%.