TAIPEI (Taiwan News) — Taiwan’s stock market opened nearly 800 points higher on Tuesday (Aug. 6) after recording its largest-ever loss at close on Monday.

On Tuesday morning the index recovered to the 20,000 point mark, reaching 20,621 in early trading, per CNA. TSMC's price rose more than 6% and was trading at NT$869 (US$26.57) at opening, while Foxconn shares rose 3% to NT$175.

The market shed 1,807.21 points to close at 19,830.88 on Monday as tech stocks performed poorly amid fears of a weak economic outlook for the U.S. The drop represented an 8.4% fall for the Taiex, the Taiwan Stock Exchange's benchmark weighted index.

On Monday, experts told Reuters it is unclear when the fall will stop. “It's too early to tell," analyst with Cathay Futures Consulting Department in Taipei David Wu said after trading closed.

"We think the decline will continue into the next two days," Allen Huang, a vice president at Mega International Investment Services said on Monday.