A touch panel, operated by a magnetic stylus, including: a display panel, having a display plane and an interface plane, the interface plane underlying the display plane; and a sensing assembly, underlying the display panel, having a first conductive layer, a second conductive layer, and a plurality of insulating spacers, the first conductive layer underlying the interface plane, and the insulating spacers being placed between the first conductive layer and the second conductive layer to divide the first conductive layer and the second conductive layer into a plurality of first conductive segments and a plurality of second conductive segments respectively, wherein one of the second conductive segments will be bent upward by a magnetic force to electrically connect with one of the first conductive segments when the magnetic stylus is applied thereto.