Taiwan's benchmark index rose 77.58 points to 47,183.36 on September 9 after gaining more than 440 points intraday, with turnover reaching NT$773.506 billion, or about $24.6 billion. The three major institutional investors posted combined net buying of NT$22.081 billion, including NT$20.924 billion from foreign investors, who extended their net-buying streak to four sessions. Foreign funds concentrated on panel makers Innolux and AUO, whose combined purchases exceeded 140,000 lots, reflecting expectations that peak-season restocking and higher component costs will support a recovery in panel prices. They also bought two actively managed ETFs (exchange-traded funds), while selling heavily across financial stocks. Foreign short futures positions fell by 1,196 lots but remained at 81,000 contracts, indicating continued hedging. Winbond Electronics was the largest foreign sell target after being heavily bought the previous day. Analysts said the index remains in a medium-term bullish structure above key moving averages, although 47,500 points is resistance and 47,000 points is near-term support. Fubon Securities Investment Advisory Chairman Chen Yi-kuang sees possible volatility but expects support near 46,000 points and a chance to test 48,000 before the end of September. Market participants cautioned that rapid sector rotation means single-day foreign flows may not indicate longer-term direction.