Taiwan's stock market bounced back hard after breaking below the 46,000 level, good news for investors short term but the recovery is not confirmed yet.

• The index jumped 693 points to close above 46,000, helped by a strong overnight rally on Wall Street.
• Dovish comments from a Fed official cooled worries about a September rate hike, lifting US indices and TSMC's US-listed shares.
• Big names led the rebound: TSMC, MediaTek and Delta Electronics all rose, and Yageo hit its daily limit.
• Selling pressure in tech stocks has not cleared, and money has been rotating into banks and shipping — a pattern that preceded the early-July drop.
• Senior analyst Weng Wei-chieh says it is still too early to call the break below 46,000 a false alarm.

Outlook: If tech stocks fail to join the rally with real volume, a second drop back toward 46,000 is likely; holding that level and improving foreign buying would confirm the bottom.