Taiex Set to Rebound on April 23 After Nasdaq Surge; Positive Opening Likely for Taiwan Markets
After closing sharply lower on April 22, the Taiex is expected to rebound today, supported by a strong overnight rally in the Nasdaq Composite Index.
Key Highlights:
Taiex Set to Rebound on April 23 After Nasdaq Surge; Positive Opening Likely for Taiwan Markets
Taiex, Taiwan’s benchmark stock index, is poised for a positive opening on April 23, 2025, after ending sharply lower in the previous session. The rebound expectation comes in the wake of a robust overnight rally in the U.S. Nasdaq Composite, which gained 429.52 points or 2.71% to close at 16,300.42.
Taiex’s Performance on April 22: Sharp Drop Ahead of U.S. Cues
On April 22, the Taiex index dropped 312.77 points or 1.64%, closing at 18,793.43, its lowest in over a week. Despite opening at 18,990.86 and touching an intraday high of 19,059.65, the index fell sharply due to:
- 📉 Global tech stock pressure
- 📊 Local profit booking in semiconductor heavyweights
- 💼 Pre-Nasdaq uncertainty and weak cues from neighboring Asian markets
Why Taiex May Rebound Today: The Nasdaq Factor
The Nasdaq Composite Index’s impressive 429-point gain is likely to serve as a positive catalyst for Taiwan’s tech-centric Taiex, which often mirrors trends in global technology stocks. The Nasdaq’s surge was fueled by:
- ✅ Strong earnings from U.S. tech majors
- 📉 Cooling U.S. bond yields
- 📈 Renewed risk appetite from global investors
As Taiwan’s economy is heavily reliant on electronics and semiconductor exports, a strong Nasdaq often leads to bullish sentiment in local tech shares, particularly TSMC, ASE Technology, and MediaTek.
April 23 Taiex Forecast: What to Expect
| Indicator | Prediction |
|---|---|
| Opening Trend | Likely positive (gap-up) |
| Intraday Bias | Bullish to rangebound |
| Support Levels | 18,750 / 18,680 |
| Resistance Zones | 18,950 / 19,100 |
| Likely Closing | Near 18,950 if gains hold |
Market experts suggest that while the opening may be strong, profit booking at higher levels could limit further upside unless foreign inflows strengthen or macro indicators show improvement.
How to Take Action
- 💼 Investors can monitor large-cap techs like TSMC and Hon Hai for momentum plays
- 📊 Traders should watch 18,950 as a breakout level for short-term bullish confirmation
- 📰 Market watchers must track regional sentiment and U.S. pre-market for confirmation
Who Will Be Affected
- 🧠 Retail traders, looking for bounce-back opportunities in beaten-down tech stocks
- 📉 Exporters and electronics firms, as foreign sentiment influences capital flow
- 🧑💻 Global investors, using Taiex as a bellwether for Asia-Pacific tech sentiment
- 📈 ETF and index fund managers, adjusting positions based on U.S. market correlation
Nasdaq Rally Breeds Optimism for Taiex: Traders Eyeing Rebound
As global markets look to stabilize post-correction, the Taiex is expected to mirror the positivity seen on Wall Street. With the Nasdaq Composite gaining over 2.7% in a single session, April 23 could mark a key bounce-back session for Taiwan equities, especially in tech.
However, analysts advise caution, noting that follow-through momentum and foreign institutional activity will be crucial in sustaining the gains throughout the day.
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