TAIEX Skyrockets 9.34% in Early Trade on 10 April, Erases Previous Day’s Crash
Key Highlights:
The TAIEX index rebounded in dramatic fashion, jumping 1,624.71 points (+9.34%) to hit 19,016.47 just minutes after the opening bell. The surge comes after a brutal 5.79% drop on 9 April, and mirrors the global tech rally sparked by the Nasdaq’s 12.16% gain.
Live TAIEX Market Snapshot – 10 April 2025, 9:12 AM TST
| Metric | Value |
|---|---|
| Current | 19,016.47 |
| Change | +1,624.71 (+9.34%) |
| Opening | 18,256.47 |
| Day’s High | 19,021.32 |
| Day’s Low | 18,256.47 |
| Previous Close | 17,391.76 |
| 52-Week High | 24,416.67 |
| 52-Week Low | 18,180.48 |
What’s Driving the Rally?
- Tech Euphoria: The Nasdaq’s massive surge has reignited buying in TSMC, MediaTek, and AI-linked semiconductor stocks.
- Oversold Bounce: Yesterday’s panic-led crash created deep value opportunities, now being capitalized on by local and foreign investors.
- Asia-wide Optimism: KOSPI (+4.5%), Nikkei (+1.9%), and ASX (+6.2%) opened strong, fueling region-wide sentiment.
- Export Boost Hopes: Weaker NT dollar, paired with rising U.S. demand forecasts, is lifting exporters.
Key Movers in Early Trade
- TSMC: +7.8%
- MediaTek: +6.2%
- Delta Electronics: +5.4%
- Fubon Financial: +4.8%
- Foxconn: +6.0%
Technical Outlook for the Day
| Level Type | Value |
|---|---|
| Immediate Resistance | 19,150 |
| Next Resistance | 19,350 |
| Support Level 1 | 18,500 |
| Support Level 2 | 18,180 |
A sustained hold above 19,000 could trigger further momentum toward 19,300+, retracing more of the March losses.
Analyst View
“This is a classic V-shaped recovery in the making. If this momentum holds, Taiwan’s tech sector may outperform regional peers for the next few sessions,” said Michelle Lin, Equity Strategist at Cathay Securities.
TAIEX Explodes Higher, Leading Asia’s Rebound
The TAIEX index has staged a stunning 9.34% early rebound on 10 April, erasing a significant chunk of yesterday’s losses. Backed by global tech optimism and aggressive dip-buying, Taiwan’s market is back in risk-on mode.
Investors will now monitor if this rally can sustain into mid-day, especially ahead of key U.S. inflation data and any geopolitical headlines.
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