The Taiwan stock market is poised for further declines on Wednesday after tumbling 1,077.29 points or 2.31 percent to 45,479.11 in the previous session, marking a two-day slide of more than 1,300 points. The weakness reflects a soft global lead, with Wall Street's major averages closing lower as the NASDAQ slumped 1.16 percent and the Philadelphia Semiconductor Index plummeted 4.7 percent. Renewed Middle East tensions and a spike in crude oil prices, with West Texas Intermediate up 2.93 percent to $70.56 per barrel, weighed on broader sentiment despite boosting energy stocks. The TSE saw broad-based damage across financials, plastics, and technology sectors.