The Taiwan Stock Exchange traded sharply higher on Monday, cheered by last Friday’s rally on Wall Street. Buying was seen in the finance and electronics sectors. The Taiex gained 1.86% to close at 20,495 points, above the 20-day moving average. Turnover totaled NT$420 billion.

Tony Huang
Financial analyst
AI-related stocks have been performing fairly well. In the finance sector, the dividend situation is better than last year, when everyone took on a more pessimistic and conservative outlook. But after this short-term market rise, we’ll arrive at the zone in which traders get left holding the bag. There will likely be some fluctuations in the future. The earnings reports of AI companies, including Supermicro, and of tech heavyweights like Apple, will be of concern going forward.

The analyst said that Taiwan’s market trends will be affected by the earnings reports of major U.S. companies, as well as the U.S. Federal Reserve’s policy meeting this week. He says that although prospects are good for many individual stocks, traders should stay mindful of global economic events and avoid blindly chasing highs.

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