TAIEX Expected to Rebound on 10 April After 5.8% Crash, Tracking Global Tech-Led Surge
Key Highlights:
On 9 April 2025, the TAIEX index plummeted 1,068.19 points to close at 17,391.76, a sharp 5.79% intraday drop and one of its worst single-day performances in over a year.
| Metric | Value |
|---|---|
| Open | 18,337.44 |
| High | 18,371.52 |
| Low | 17,306.97 |
| Close | 17,391.76 |
| Previous Close | 18,459.95 |
| Loss | -1,068.19 pts (-5.79%) |
Key Reasons for the Drop:
- Tech-sector heavyweights like TSMC and MediaTek witnessed panic selling.
- Rising geopolitical tensions in the Taiwan Strait weighed on foreign investor sentiment.
- Export concerns and weak demand forecasts added to the pressure.
Global Cues Suggest Rebound Likely Today (10 April 2025)
The current global market sentiment has flipped bullish, and that significantly improves the outlook for TAIEX:
✅ Nasdaq Composite
- Closed up 12.16% on 9 April
- Tech-heavy rally led by Nvidia, Apple, and AMD
- Sentiment spillover favors Asian tech stocks, including Taiwan’s chipmakers.
✅ ASX 200 (Australia)
- Opened today up 6.21%
- Strong lead from mining, tech, and banking
✅ Nikkei 225 (Japan)
- Recovered 1.93% in early trade today
- Strong bounce led by SoftBank and chip-exporters
✅ KOSPI (South Korea)
- Soared 4.5% at open today
- Samsung Electronics and SK Hynix surged, pointing to semiconductor rebound
TAIEX Prediction – 10 April 2025
Sentiment Outlook:
🔵 Positive-Bullish Bias
Expected Opening Range:
📈 Between 17,700 – 17,900
Potential Day High Target:
📌 Up to 18,100, if foreign buying resumes strongly
Catalysts for a Rebound:
- Nasdaq’s tech boom lifting semiconductors and electronics stocks in Taiwan
- TSMC ADRs gained in U.S. after hours – likely to push TSMC up on local bourses
- Local bargain hunting after heavy institutional selloff yesterday
- Possible central bank reassurance post-sharp decline
Sectors to Watch in TAIEX Today
- Semiconductors:
- TSMC, UMC, ASE Tech expected to lead rebound
- Consumer Electronics:
- MediaTek, Lite-On Tech
- Financials & Insurance:
- Fubon Financial, Cathay Holdings could bounce with global recovery mood
- Shipping & Steel:
- Watch for late recovery based on global demand optimism
Technical Levels to Watch
| Level Type | Value |
|---|---|
| Resistance 1 | 17,780 |
| Resistance 2 | 18,120 |
| Support 1 | 17,250 |
| Support 2 | 17,050 |
If 17,800 is breached intraday, bulls may target a close above 18,000. Caution if it fails to hold 17,400 support.
Expert Insight
“Yesterday’s correction in TAIEX was largely technical and sentiment-driven. With Nasdaq’s tech rally and regional markets rebounding, we expect a sharp bounce in Taiwan’s chip and electronics counters,” said Raymond Hsu, Head of Research at Yuanta Securities.
TAIEX Likely to Rebound with Global Tech Surge
The TAIEX index, after suffering a brutal 5.79% drop, is now well-positioned for a strong recovery on 10 April 2025, thanks to broad-based bullish sentiment across global markets, especially in the technology sector.
If foreign inflows return, Taiwan’s benchmark could regain a large portion of its previous losses within the session.
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