Taiex Eyes Rebound on April 25 After Nasdaq Surge Sparks Tech Optimism
After a 160-point fall yesterday, Taiex is expected to open stronger today following Nasdaq's 2.74% rally. Semiconductor sentiment leads Taiwan's recovery hopes.
Key Highlights:
Taiex Prediction for April 25: Rebound in Focus After Overnight Nasdaq Lift
Taiwan’s benchmark Taiex index, which closed at 19,478.81 on April 24 — down 160.33 points or 0.82%, is poised for a potential reversal in early trade today. This prediction is rooted in the overnight Nasdaq rally, which surged 457.99 points (+2.74%) and is expected to uplift tech stocks across Asia.
Nasdaq’s Rally to Fuel Tech Sentiment in Taiwan
The Nasdaq’s sharp rise came on the back of strong gains in mega-cap tech stocks and semiconductor names like Nvidia, AMD, and Microsoft. Given Taiex’s heavy weightage in chip and electronics stocks like TSMC, ASE Technology, and MediaTek, a bounce-back open between 19,550–19,600 is likely.
Previous Close (Apr 23): 19,639.14
Last Close (Apr 24): 19,478.81
Expected Opening (Apr 25): 19,550 – 19,600
Bias: Positive
Global Trigger: Nasdaq +2.74%, strong U.S. tech earnings
Sector Outlook: All Eyes on Semiconductors
- TSMC is expected to be the key driver if it mirrors gains from its U.S. ADRs.
- MediaTek and ASE Technology could benefit from overall sector momentum.
- Financials and exporters may see sideway action due to currency uncertainty.
Technical Zones to Watch
- Immediate Support: 19,420
- Resistance Zone: 19,620 – 19,650
- Momentum Trigger: A breakout above 19,650 could drive intraday rally
- Risk Point: A breach below 19,420 may trigger renewed selling
What This Means for Investors
- Short-term traders may look for intraday bounces in top chipmakers.
- ETF and FII watchers should track net foreign inflows into Taiwan.
- Long-term investors may consider accumulation if tech rally sustains.
How to Take Action
- Monitor early movement in TSMC and MediaTek.
- Use tight stop-losses due to prior volatility.
- Stay alert for any China-related geopolitical headlines, which may affect sentiment.
Who Will Be Affected
- Traders in Taiex futures and Taiwan ETFs (like EWT)
- Global equity managers allocating to East Asia
- Retail investors focused on semiconductors and electronics sectors
Final Outlook: Rebound Probable, But Eyes on Resistance
The sharp tech rebound in the U.S. sets a bullish tone for Taiex today. However, investors should watch whether the index can clear the 19,600–19,650 resistance band to confirm a sustainable uptrend. Volatility may return if global cues soften later in the session.
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