The Taiwan stock market emphatically ended the three-day winning streak in which it had advanced more than 150 points or 1.7 percent. The Taiwan Stock Exchange now rests just above the 8,940-point plateau, although bargain hunting figures to boost the market on Thursday.
The global forecast for the Asian markets is broadly positive, with a big rebound likely following Wednesday's heavy U.S. election-induced selloff. The European and U.S. markets were sharply higher and the Asian bourses figure to follow that lead.
The TSE finished sharply lower on Wednesday with broadly based damage - particularly among the financial shares and technology stocks.
For the day, the index plummeted 274.23 points or 2.98 percent to finish at 8,943.20 after trading between 9,296.86 and 8,926.60 on turnover of 119 billion Taiwan dollars.
Among the actives, Taiwan Semiconductor Manufacturing Company shed 3.45 percent, while MediaTek dropped 3.29 percent, Largan Precision tumbled 5.52 percent, Hon Hai Precision fell 3.13 percent, Formosa Plastics skidded 2.43 percent, Formosa Chemicals slipped 2.80 percent, Fubon Financial retreated 3.82 percent and Cathay Financial plunged 4.05 percent.
The lead from Wall Street is upbeat as stocks moved sharply on Wednesday as traders reacted to Republican presidential nominee Donald Trump's surprise victory in the race for the White House.
The Dow shot up 256.95 points or 1.4 percent to 18,589.69, while the NASDAQ jumped 57.58 points or 1.1 percent to 5,251.07 and the S&P 500 surged 23.70 points or 1.1 percent to 2,163.26.
Trump pulled an upset over Democratic rival Hillary Clinton after winning several key battleground states, including Florida, Pennsylvania, and Ohio.
He vowed to unite the country in his victory speech, but investors remain wary about how his policy proposals will play out in reality.
Crude oil futures also rallied in response to the election as Dec. WTI oil was up 29 cents or 0.6 percent to $45.27/bbl, the highest in a week.
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