**The combination market reflects the closely contested races in both Taipei and New Taipei ahead of the November 28 local elections.** In Taipei, KMT incumbent Chiang Wan-an maintains a polling edge in several late surveys despite earlier gains by DPP challenger Puma Shen, whose support rose sharply in October before tightening. In New Taipei, DPP candidate Su Chiao-hui holds a narrow lead over KMT rival Lee Shu-chuan in recent UDN and other polls, though the gap has narrowed from double digits and undecided voters remain high at around 19 percent. These dynamics, combined with mobilization efforts by both parties and historical KMT strength in New Taipei, support elevated probabilities for KMT sweep, the KMT Taipei–DPP New Taipei split, and DPP sweep outcomes while elevating "Other" as traders price in uncertainty and potential turnout effects.