KMT candidates hold a clear edge in the race for the most seats in Taiwan's November 28 local elections, driven by incumbency advantages in key municipalities, coordinated alliances with the TPP in several districts, and polling leads in Taipei, Taichung, and other traditional strongholds. Recent surveys show tightening contests in New Taipei and Taipei, where DPP challengers have narrowed gaps through targeted local messaging and gains among undecided voters, though KMT figures retain overall advantages. Internal KMT tensions around party leadership have surfaced amid campaign rallies, yet these have not altered the broader positioning. The TPP remains marginal due to limited candidate coordination and low standalone support. Traders appear to weigh these local dynamics and historical patterns more heavily than national issues in assessing probabilities.