Kickoff for Taiwan's Stock Market Marketed as Gradual Launch
Taiwan Stock Exchange Anticipates Cautious Movement Amid Global Uncertainties
The Taiwan Stock Exchange (TSE) is expected to experience consolidation with a broadly cautious or slightly negative tone on Friday, influenced by ongoing global uncertainties such as U.S. tariffs and weak American economic data. The market recently finished modestly lower, with some sectors mixed in performance, and the general expectation is for subdued movements rather than strong gains.
The TSE ended a five-day winning streak on Thursday, as the exchange finished modestly lower. Some notable performers included First Financial, which spiked 2.08 percent, E Sun Financial, which collected 1.32 percent, and Mega Financial, which rallied 2.03 percent. However, Taiwan Semiconductor Manufacturing Company and the NASDAQ both saw modest losses, with the former stumbling 2.08 percent and the latter dipping 0.01 percent.
On the other hand, the global forecast for Asian markets suggests little movement ahead of the meeting between the U.S. and Russian presidents. The Dow Jones Industrial Average shed 0.02 percent on Thursday, while the S&P 500 remained unchanged. The Labor Department reported that producer prices in the U.S. increased by more than expected in July, which partly offset optimism about a September interest rate cut. West Texas Intermediate crude for September delivery was up 2.11 percent at $63.97 per barrel on Thursday, as crude oil jumped ahead of a crucial meeting between the U.S. and Russian presidents in Alaska.
Regarding Taiwan's Q2 GDP numbers, the search results do not contain direct forecasts or official expectations for Q2 2025 GDP data. As of now, no specific consensus or forecast figures for Taiwan's second-quarter GDP have been found in the provided data. If you need the latest GDP forecast, consider checking Taiwan's official statistics bureau or recent economic reports from financial institutions published closer to the GDP release date.
The TSE is located just beneath the 24,240-point plateau. The CME Group's FedWatch Tool indicates a 92.6 percent chance the Federal Reserve will lower rates by a quarter point next month.
The anticipation of cautious movement in the Taiwan Stock Exchange (TSE) may be influenced by the ongoing global uncertainties, leading the investment sector to approach business activities with caution. The consolidation in the exchange may also extend to the technology industry, as the financial performance of companies like Taiwan Semiconductor Manufacturing Company could reflect global economic fluctuations.
