Taiwan's stock market closed 337.41 points higher at 45,848.9 on the 16th, after rising more than 500 points intraday. Trading value expanded to NT$643.765 billion, or about $20.3 billion, following TSMC's completed dividend adjustment. Foreign investors nevertheless remained net sellers for a fifth consecutive session, disposing of NT$17.98 billion, approximately $565.9 million, while shifting away from large-cap weighted stocks toward panel makers and memory-related companies. AUO led foreign net buying with 52,472 lots, while Powerchip Semiconductor Manufacturing, Innolux and Winbond Electronics also attracted substantial purchases after heavy selling the previous session. Foreign investors reduced their net short position in TAIEX futures by 6,872 contracts to 76,351, but that level remained relatively elevated. The three major institutional categories posted combined net selling of NT$21.38 billion, led by proprietary traders' NT$12.974 billion of sales over seven straight sessions. Investment trusts reversed into NT$9.574 billion of net buying, focused mainly on financial stocks, helping domestic capital absorb foreign selling near the 45,800 level. Analysts said the market remains centered on electronics, with sector and stock rotation likely to continue during range-bound trading and capital favoring small- and mid-cap companies with thematic advantages. Investors will watch whether foreign spot selling eases and whether panel and memory stocks maintain their positioning.