Taiwan’s TAIEX opened sharply lower on the 10th after international oil prices moved above $100 per barrel and U.S. Treasury yields climbed, intensifying concerns about inflation and equity valuations. Losses reached 378 points within three minutes, taking the index below the 47,000-point psychological level, while TSMC fell NT$20 intraday and became the main drag. The decline followed a 302.25-point early advance on the 9th. Analysts said the market’s near-term direction will depend on oil prices, Treasury yields and foreign institutional flows, with the TAIEX’s ability to regain 47,000 points viewed as an important test; a failure to do so quickly could leave the index vulnerable to retesting previous lows.