Foreign money flooded back into Taiwan's market, pushing the index to a record close — good for chipmakers and cement, bad for anyone holding panel stocks.

• Foreign buyers poured billions back into Taiwan shares, lifting the main index past 48,000 to a new record high.
• Memory maker Nanya Technology was the day's biggest magnet for cash, with cement giant Taiwan Cement and chip foundry Powerchip also bought heavily.
• Panel makers AUO and Innolux were dumped hard, along with silicon wafer names — AUO fell more than 5%.
• Taiwan Cement is buying Ukraine's second-largest cement group for up to €750 million, a bet on rebuilding.
• Homebuyers are quietly getting squeezed: even with no central bank rate hike, banks have pushed mortgage rates up to levels last seen 17 years ago, and some loan queues now stretch into 2027.

Outlook: Money keeps rotating toward AI chips and away from panels, with HSBC still telling investors to stay overweight stocks into the fourth quarter.