Taiwan's stock market opened 99 points higher, nearing the 20,000-point threshold, driven by gains in U.S. tech stocks and the easing of US-China trade tensions.

Taiwan • Business • 04/28 02:00
Taiwan's stock market opened 99 points higher, nearing the 20,000-point threshold, driven by gains in U.S. tech stocks and the easing of US-China trade tensions.

On April 28, 2025, the Taipei stock market opened with an increase of 99.34 points to reach 19,972.07 points, with a trading value of NT$43.51 billion. U.S. stocks closed in the green for the fourth consecutive day last Friday, with tech stocks such as Tesla and Nvidia leading the gains. Additionally, U.S. President Trump's softened stance on the trade war with China has improved market sentiment, giving the Taiwan stock market a short-term opportunity to challenge the 20,000-point mark. This article provides an analysis of the recent performance of the Taiwan and U.S. stock markets and the impact of international developments on the market.

Key Updates

04/29 06:01

Trump's policy adjustment alleviates market pressure: European stock funds attract capital, U.S. tech earnings become the focus

President Trump's recent shift in stance on trade and monetary policy has eased global market tensions, resulting in significant changes in capital flows. European equity funds experienced a net inflow of $3.355 billion over the course of a week, indicating an increasing investor preference for regional diversification. U.S. tech giants are entering a busy earnings season, becoming the market focus. Even though many earnings reports exceeded expectations, market reactions have remained cautious due to persistent policy uncertainties. Investors are adjusting their asset allocation strategies to focus on industries with strong fundamentals.

04/29 03:06

U.S. stocks closing higher boosts investor confidence, Taiwan stocks fluctuate but maintain the 20,000-point level, and investors are focusing on earnings reports and economic data.

Following the major U.S. stock indices closing in the green, the Taiwan stock market turned positive after a slight dip in early trading on April 29th, with the index hovering around the 20,000-point mark. TSMC's stock price slightly declined, failing to continue the previous day's upward trend. Global market sentiment improved due to progress in tariff negotiations between the U.S. and several other countries, as investors focus on upcoming corporate earnings reports and U.S. economic data. Although market uncertainty persists, the overall atmosphere has stabilized compared to earlier periods.

04/28 10:00

After a 2,800-point rebound, US stocks face pressure from the seasonal moving average: AI demand, tariff policies, and US debt maturity are drawing market attention.

Recently, the US stock market rebounded by about 2,800 points, but it is approaching the resistance of the quarterly moving average, and market sentiment is cautious. Strong AI demand indicates that chip demand is outpacing supply, but tariff policy pressures are impacting the earnings reports of tech giants. The upcoming maturity of $6.5 trillion in US national debt has sparked debates on liquidity and debt sustainability. The trade and domestic policies from the Trump era are affecting investment confidence, boosting the performance of defense, aerospace, and cybersecurity stocks.

04/28 07:04

JPMorgan forecasts a 5% increase in the US stock market by 2025, boosted by strong corporate performance, stock buyback plans, and loose monetary policies, while Trump's pressure on the Fed causes market volatility.

JPMorgan forecasts a 5% rise in the US stock market by 2025 due to robust corporate capital spending, share repurchase programs, and the Federal Reserve's continuation of accommodative policies. Following Trump's return to the White House, he exerted pressure on the Federal Reserve to lower interest rates, which led to market volatility, underscoring the effects of policy uncertainty. A JPMorgan survey indicates that the risk of stagflation in the US economy surpasses that of a recession, and there are differing opinions on the future economic landscape.

04/28 07:04

U.S. stock futures decline: Dow futures, Nasdaq 100 futures, and S&P 500 futures impacted by corporate earnings and China-U.S. trade tensions

On April 28, 2025, U.S. stock index futures fell during the Asian trading session. At 1:31 PM Taipei local time, Dow Jones Industrial Average futures dropped 187 points, S&P 500 futures fell 31.5 points, and Nasdaq 100 futures decreased 126 points. Market sentiment was influenced by corporate earnings reports, rising e-commerce prices, and U.S.-China trade tensions, with particular focus on the performance of tech giants. The new U.S. tariff policy caused price increases for products from SHEIN and Amazon, further undermining consumer confidence.

04/28 02:00

Taiwan's stock market opened 99 points higher, nearing the 20,000-point threshold, driven by gains in U.S. tech stocks and the easing of US-China trade tensions.

On April 28, 2025, the Taipei stock market opened with an increase of 99.34 points to reach 19,972.07 points, with a trading value of NT$43.51 billion. U.S. stocks closed in the green for the fourth consecutive day last Friday, with tech stocks such as Tesla and Nvidia leading the gains. Additionally, U.S. President Trump's softened stance on the trade war with China has improved market sentiment, giving the Taiwan stock market a short-term opportunity to challenge the 20,000-point mark. This article provides an analysis of the recent performance of the Taiwan and U.S. stock markets and the impact of international developments on the market.

04/27 23:59

US stocks rebound strongly: S&P 500 and Nasdaq Index surge; Zweig Indicator triggers buy signal; there is still uncertainty about President Trump's tariff policy.

In the last week of April 2025, the U.S. stock market experienced a strong recovery, with the S&P 500 index increasing by 4.60% and the Nasdaq index jumping by 6.41%, driven by gains in technology stocks. The Zweig Breadth Thrust indicator signaled an improvement in market breadth. However, uncertainty about President Trump's tariff policies persists, which could impact the future market outlook.

04/27 23:01

The easing of US-China trade tensions has boosted global stock markets, with AI stocks driving the Philadelphia Semiconductor Index to a record high.

Tensions in US-China trade relations have eased, leading to a rebound in global stock markets. On April 25, the four major US stock indices rose, with technology stocks leading the gains. The Philadelphia Semiconductor Index hit a new high, and AI stocks, such as Nvidia, performed impressively. European stock markets rose simultaneously, with the pan-European STOXX 600 Index reaching its highest level in three weeks and the UK's FTSE 100 Index achieving its longest winning streak since 2019. The market is optimistic about the improvement in US-China trade relations, and strong demand in the AI industry is also boosting semiconductor stocks.

04/26 14:00

U.S. stocks might be heading for a bull market: Zweig Breadth Thrust indicator is nearing a trigger point, suggesting a potential rise over the next 6 to 12 months.

As of April 24, 2025, the Zweig Breadth Thrust Indicator (ZBTI) of the U.S. stock market has risen to 61.34%, nearing the trigger level. Since 1945, this indicator has only reached this level 18 times, and each time it reached this level, the U.S. stock market experienced significant gains over the next 6 to 12 months. The ZBTI was created by Martin Zweig to gauge rapid shifts in market sentiment, and when it rises from below 40% to over 61.5% within 10 trading days, it indicates the onset of a bull market.

04/26 06:31

The US Stock Market Recovery: Five Signals Show the End of Sell-Off Caused by Tariffs.

After several weeks of volatility caused by uncertainty over tariff policies, the U.S. stock market has recently shown several signs of improving sentiment, indicating that the wave of sell-offs might be over. Major stock indices have been rising consecutively, global stock funds have seen a net inflow of capital, the risk premium on high-yield bonds has narrowed, risk assets have gained traction, and technical indicators suggest improved market momentum. Together, these factors indicate that the market is gradually stabilizing.

Taiwan Stock Market Opening Performance: Approaching the 20,000 Point Mark

The Taipei stock market opened today (April 28) with an increase of 99.34 points, bringing the index to 19,972.07 points, with a transaction amount of NT$43.51 billion. Shortly after the opening, the market once rose by 125.63 points to 19,998.36 points, subsequently surpassing the 20,000-point mark. The OTC index also rose, opening up 0.66 points to 217.58 points.

In terms of weighted stocks, TSMC opened up by NT$9 to NT$897, MediaTek rose by NT$5 to NT$1,385, and Hon Hai increased by NT$1 to NT$140. Small and medium-sized stocks were also active, with strong opening stocks including Lixin, Qio, Anqi, Xunzhou, and Youcheng Precision; weaker stocks included O-Bank, Hunter, Radiant, Dazong, and UMC.

Institutional investors pointed out that the Taiwan stock market closed last week at 19,872.73 points, up 477 points or 2.46% for the week, successfully ending a four-week losing streak and standing above the monthly line. Foreign investors switched to net buying last week, with a net purchase of approximately NT$275.36 billion, indicating a warming of capital momentum.

U.S. Stock Market Trends: Tech Stocks Lead the Four Major Indices Higher

U.S. stocks performed strongly last Friday (April 28), with all four major indices closing higher. The Dow Jones Industrial Average rose 20.1 points or 0.05% to close at 40,113.50 points; the S&P 500 index increased by 40.44 points or 0.74% to close at 5,525.21 points; the Nasdaq index rose 216.90 points or 1.26% to close at 17,382.94 points; and the Philadelphia Semiconductor Index increased by 43.42 points or 1.03% to close at 4,251.61 points.

Tech stocks were the main drivers of the rally. Tesla's stock price surged 9.8% to close at $284.95, reaching a three-month high. Nvidia rose 4.3% to close at $111.01. Other tech giants such as Meta, Apple, Alphabet, Microsoft, and Amazon also rose, increasing by 2.65%, 0.44%, 1.47%, 1.17%, and 1.31%, respectively.

TSMC's ADR rose 0.56%, ASE's ADR increased by 1.15%, while UMC's ADR slightly fell by 0.43%, and Chunghwa Telecom's ADR dropped by 0.71%.

Institutional investors pointed out that U.S. stocks have closed higher for four consecutive trading days, with the S&P 500 index setting the longest consecutive rise record since January this year, mainly benefiting from large tech companies' earnings exceeding expectations and the market's growing expectation that the Federal Reserve (Fed) may cut interest rates in the summer.

International Situation: Trump's Softer Tariff Stance Boosts Market Confidence

U.S. President Trump recently stated in a media interview that a trade agreement with China could be reached within the next three to four weeks, but emphasized that tariffs would not be easily lifted unless China makes "significant concessions." Although Trump's remarks still carry uncertainty, the market interprets this as a softening stance compared to his previous hardline position.

China, on the other hand, expressed openness to trade negotiations with the U.S. but also demanded more "respect" from the U.S. Although formal negotiations have not resumed, the market generally believes that the pressure from the tariff war may have peaked and is likely to move towards easing in the future.

Additionally, global supply chains continue to adjust due to the tariff war. Some Chinese companies are beginning to reposition their markets, reducing reliance on the U.S. market and shifting to other regions. Logistics providers have also observed changes in shipping routes, with some shipping companies redirecting routes from China to Southeast Asian countries.

Key Points for Observing the Taiwan Stock Market

Despite the warming market sentiment, institutional investors remind that the Trump administration's policies are always changeable, and investors need to remain vigilant. Additionally, the Taiwan stock market will be closed for Labor Day on May 1, and as May enters the tax season, capital momentum might be constrained.

This week, several heavyweight U.S. companies will release their earnings reports, including Apple, Amazon, Microsoft, and Meta. The market will closely watch these tech giants' views on the AI and semiconductor industries' outlook for the second half of the year. Meanwhile, upcoming U.S. economic data, such as the preliminary Q1 GDP, April consumer confidence index, and non-farm payroll report, will also be market focal points.

References

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