TAIEX Opening Prediction: Taiwan Stock Market Likely to Open Flat to Positive Amid Mixed Global Cues
TAIEX is expected to open slightly higher on April 16 as global signals remain mixed. While Nasdaq closed lower overnight, steady gains in other Asian indices could buoy Taiwan's market at the open.
Key Highlights:
The Taiwan Stock Exchange’s TAIEX index is poised for a stable to slightly bullish start on Tuesday, April 16, 2025. Despite a weak closing from Nasdaq Composite, most major Asian markets began the day in the green, which may provide underlying support to Taiwan equities at the open.
Global Context: Nasdaq’s Weakness and Asian Strength
The Nasdaq Composite ended the April 15 session lower by 8.32 points, closing at 16,823.17, reflecting a 0.049% dip. The decline in U.S. tech stocks came amid investor caution over upcoming earnings and geopolitical developments.
However, this modest decline does not seem to be having a full ripple effect across Asia. Here’s a snapshot of early performance across major Asian indices:
- Nikkei 225 opened at 34,249.82 and was trading lower at 34,178.28, down by 89.26 points (0.26%).
- KOSPI (Korea) opened at 2,472.78 and slipped slightly to 2,472.64, down 4.77 points (0.19%).
- S&P/ASX 200 (Australia) was trading marginally higher at 7,762.50, up 0.80 points (0.01%).
While the Japanese and South Korean markets started on a cautious note, the Australian index offered a slightly upbeat tone. This mixed sentiment gives room for a neutral to positive TAIEX open.
Last Closing of TAIEX
On April 15, TAIEX surged to 19,857.67, a solid gain of +344.58 points (1.77%), driven by optimism in local chipmakers and global tech alignment. The index opened strong at 19,609.90 and touched an intraday high of 19,895.43 before settling slightly lower.
Prediction for April 16 Opening
Considering the combination of factors:
- Negative Nasdaq close might exert slight downward pressure.
- Flat to mildly positive opening across Asia may cushion sentiment.
- Strong previous session gain in TAIEX implies consolidation or a minor uptick.
Predicted Opening Range: 19,830 to 19,870
Expected Sentiment: Flat to mildly positive
Key Levels to Watch Today
- Immediate Support: 19,750
- Resistance Zone: 19,900 – breaching this could trigger another rally.
Sectoral Outlook
- Semiconductors and Technology: May witness minor profit-booking.
- Financials and Industrials: Likely to attract fresh interest.
- Export-oriented firms: Could gain from recent currency stability and steady demand signals.
TAIEX may not mirror its strong rally from Monday but is expected to open with a slightly positive bias. While the Nasdaq’s minor loss could cause some early hesitation, the broader sentiment across Asian indices suggests the Taiwan stock market may sustain momentum if volume and foreign inflows remain intact.
Stay tuned for intraday updates and technical breakouts as the trading session progresses.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
