TAIEX Set for Gap-Up Opening After Nasdaq Rally Spurs Tech Optimism
TAIEX is expected to open sharply higher on April 24, tracking Nasdaq's 407-point surge. Tech-led momentum may push Taiwan's benchmark toward fresh highs.
Key Highlights:
TAIEX Likely to Open Stronger on April 24 After Nasdaq’s Explosive Rally
TAIEX, Taiwan’s benchmark index, is poised for a bullish opening on April 24, 2025, after the Nasdaq Composite surged 407.63 points (+2.50%) overnight. Tech-heavy tailwinds from Wall Street are likely to bolster sentiment across Taiwanese equities, especially major electronics and semiconductor exporters.
Nasdaq Closes with a Bang, Lifting Asian Tech Markets
The Nasdaq rally on April 23 was led by:
- Apple: +3.52%
- Amazon: +6.46%
- Nvidia: +5.08%
- Meta Platforms: +6.38%
- Alphabet: +3.14%
The strength in these global tech leaders sends a clear bullish signal for Taiwan’s index, which is predominantly tech-driven.
TAIEX Opening Prediction for April 24
Based on the Nasdaq handoff and existing uptrend:
- Expected Opening: Between 20,400 – 20,500
- Gap-Up Range: Approx. +750 to +850 points
- Opening Sentiment: Highly Bullish
- Primary Drivers: Chipmakers, electronics exporters, energy stocks
- Near-Term Resistance: 20,600
- Watch for Volatility: Post gap-up profit booking
Snapshot of TAIEX April 23 Close
- Closing Level: 19,639.14
- Previous Close: 18,793.43
- Day Change: +845.71 (+4.50%)
The index already rallied sharply yesterday on strong domestic flows and export optimism.
What This Means for You
- Short-Term Traders: Strong momentum expected in early trade; consider trailing stop-loss to protect profits.
- Long-Term Investors: Favorable macro setup; consider adding quality tech exporters.
- Exporters: Likely to see high interest due to global demand rebound.
How to Take Action
- Pre-Market Strategy: Set buy triggers for TSMC, Hon Hai Precision, MediaTek
- Intraday Watchlist: Pegatron, Delta Electronics, Lite-On Tech
- Sector Focus: Semiconductors, EV supply chain, electronics manufacturing
Who Will Be Affected
- Retail Traders: Early buying opportunity; watch for breakout plays
- Export-Led Stocks: High potential for sustained upside
- Institutional Investors: May reweight portfolios toward Taiwan’s outperformers
TAIEX Eyes Fresh Highs on Back of Global Tech Momentum
With Nasdaq setting a powerful global tone, TAIEX is on track to reflect this sentiment at the open. Taiwan’s tech giants are likely to be the biggest beneficiaries, making today’s session one of high optimism and elevated turnover. The index has already shown resilience and today’s gap-up could open the door for a strong Q2 rally.
Stay updated with the latest from Hindustan Herald — your trusted source for
Politics, Business, Sports, Entertainment, Lifestyle, Breaking News, and More.
📲 Follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube
🔔 Join our Telegram channel @hindustanherald for real-time news alerts
