The TAIEX, Taiwan’s benchmark stock index, dropped 654 points, or 1.4%, to 46,457 around noon on Monday, halting gains in the previous session and touching its lowest level since September 17. The decline tracked losses among Asian market peers, following a downbeat session on Wall Street amid a tech sell-off and concerns over AI-related investment. Most sectors traded in the red, including electronic technology, which fell 1.8% after gaining 0.2% on Friday. TSMC, the world’s largest contract chipmaker, which accounts for more than 40% of the market’s total value, continued to decline, losing 1.0% following a 0.2% drop in the previous session. Meanwhile, MediaTek shed 1.9%, Delta Electronics fell 0.9%, and Hon Hai Precision lost 2.1%. However, moderating oil prices, easing expectations of Fed rate hikes, and strong Chinese data, with Q3 GDP growth beating estimates, helped limit the decline.