Taiex Likely to Open Lower as Wall Street Tumbles and Global Risk Sentiment Deteriorates
Taiex may open subdued on April 22 as global indices fall sharply; Taiwan market sentiment turns cautious ahead of earnings.
Key Highlights:
Taiex Forecast April 22: Explosive Wall Street Fall Weighs on Taiwan Market Sentiment | Today’s Index Outlook
Taiex is expected to open cautiously on Tuesday, April 22, 2025, as investor sentiment across Asia is dampened by the sharp overnight decline in U.S. equity markets. While Taiwan futures were inactive at the time of reporting, early indicators point to a subdued start for the TPE Taiex index driven by global macro concerns.
Wall Street Rout Sets the Global Tone
U.S. indices posted steep losses on April 21, triggering a widespread risk-off wave across global markets:
| U.S. Index | Closing Value | % Change |
|---|---|---|
| Dow Jones | 38,170.41 | ▼ -2.5% |
| S&P 500 | 5,158.20 | ▼ -2.4% |
| Nasdaq Composite | 15,870.90 | ▼ -2.6% |
Traders reacted sharply to renewed fears over U.S. trade tariffs, inflation control challenges, and political commentary on the Federal Reserve.
No Active Futures — Sentiment Still Weak
At the time of this report (06:25 AM IST), Taiex futures had not yet commenced active trading. However, broader signals — including a Nasdaq-led tech sell-off and weak Nikkei futures — suggest a muted to negative open for the Taiwan stock market.
Comparative Performance: Global Indices Overview
| Index | April 21 Close | Change (%) |
|---|---|---|
| Taiex (TPE: Taiex) | 19,106.20 | ▼ -1.49% |
| Nikkei 225 | 34,279.92 | ▼ -1.3% |
| Hang Seng | 21,395.14 | ▲ +1.61% |
| Kospi | 2,488.42 | ▲ +0.20% |
| Shanghai Composite | 3,291.43 | ▲ +0.45% |
| DAX (Germany) | 21,205.86 | ▼ -0.52% |
| FTSE 100 (UK) | 8,275.66 | ▬ 0.00% |
Despite gains in other Asian indices, the Taiex index appears more vulnerable due to its heavy tech and semiconductor weighting.
Sectoral Watch: Taiwan’s Key Movers Today
The Taiex share market is likely to see targeted pressure in the following segments:
- Semiconductors: Firms like TSMC may open lower tracking Nasdaq losses.
- Exporters: A strong Taiwan dollar could dampen overseas revenue prospects.
- Financials: Volatility in yields and U.S. banking sentiment may spill over.
- Retail & Domestic: Potential haven plays amid global uncertainty.
What Could Shape Today’s Session
Factors to monitor in the Taiwan stock market on April 22:
- Nasdaq Drag – Taiwan’s tech and chipmakers often track U.S. tech movement closely.
- Currency Cues – USD/TWD exchange rate crucial for large exporters.
- Awaiting Futures – Once Taiex futures activate, intraday trend confirmation is expected.
- Domestic Macro Updates – Any surprises in GDP or trade outlook could move the needle.
How the Index Could Move Next
Without active futures, traders will likely rely on global cues to shape early positioning in TPE Taiex stocks. Support is eyed around 18,950, with resistance near 19,250. Short-term volatility is likely as institutional flows and macro data guide direction.
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