Taiex Opens Lower at 19,389.52 as Global Tech Slide Weighs on Sentiment
Taiex drops over 135 points at open on April 17, tracking global tech rout and Nasdaq’s steep overnight fall, with pressure on Taiwan chip and hardware stocks.
Key Highlights:
The Taiex Open on April 17, 2025, marked a sharp decline, with Taiwan’s benchmark index falling 135.01 points or 0.69% to start the session at 19,389.52. The weak start reflects heavy global risk aversion, triggered by the overnight 3% crash in the Nasdaq Composite, which continues to pressure tech-centric indices across Asia.
Taiex Opening Snapshot – 17 April 2025
- Opening Value: 19,389.52
- Current Value (9:09 AM TST): 19,332.99
- Change: –135.01 (–0.69%)
- Day’s High (so far): 19,404.22
- Day’s Low: 19,244.50
- Previous Close: 19,468.00
- 52-Week Range:
- High: 24,416.67
- Low: 17,306.97
Why the Market Opened Lower
- Nasdaq Crash:
The Nasdaq Composite fell over 516 points (–3.07%) due to poor earnings, hawkish Fed outlook, and a spike in bond yields. - Semiconductor Pressure:
Taiwan’s chip giants like TSMC, MediaTek, ASE Holdings—closely aligned with global tech demand—felt the brunt of the Nasdaq fallout. - Global Futures Down:
Other global indices and futures, including Gift Nifty, indicated weak sentiment, reinforcing caution among Asian traders.
Asian Indices Opening Comparison
| Index | Opening Status | Change |
|---|---|---|
| Nikkei | 34,114.71 | +0.57% |
| Kospi | 2,457.56 | +0.41% |
| ASX 200 | 7,769.50 | +0.14% |
| Gift Nifty | 23,332.00 | –0.58% |
| Taiex | 19,389.52 | –0.69% |
Unlike some Asian peers that opened in green, the Taiex’s decline was more pronounced due to its deep exposure to global electronics and chip supply chains.
What This Means for You
Today’s Taiex open reflects:
- Short-term bearish tone, especially for semiconductor and export-linked names.
- A sign for cautious institutional positioning, especially from foreign funds.
- Likely sideways movement unless U.S. futures or earnings offer relief later today.
How to Take Action
- Avoid aggressive buying in chip, tech, and hardware names early in the session.
- Look for opportunities in stable sectors like utilities, telecom, and select banks.
- Monitor currency movements (TWD/USD) and global yield spikes closely.
Who Will Be Affected
- Export-heavy companies and chip manufacturers.
- Global ETF investors exposed to Taiwan via iShares MSCI Taiwan (EWT).
- Retail day traders targeting short-term bounces in tech counters.
Expert Commentary
“Taiex’s opening weakness isn’t surprising given the tech-led global selloff. Traders should expect volatility and perhaps use this as a day-trading opportunity with strict stops,” said Michelle Lin, Market Analyst at Yuanta Securities.
Taiex Open Reflects Nasdaq Shock as Tech Rout Extends to Asia
The Taiex Open at 19,389.52, down over 135 points, underscores the impact of global tech turmoil on Taiwan’s stock exchange. With TSMC and other hardware players in focus, the index may continue to underperform in the near term unless recovery signals emerge from Wall Street or regional macro drivers.
Investors are advised to remain cautious, especially in volatile mid-cap tech and chip-linked sectors.
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