Rebound Anticipated For Taiwan Stock Market

(RTTNews) - The Taiwan stock market on Thursday wrote a finish to the three-day winning streak in which it had jumped more than 750 points or 3.1 percent. The Taiwan Stock Exchange now rests just beneath the 24,230-point plateau although it figures to bounce higher again on Friday.

The global forecast for the Asian markets suggests little movement ahead of key U.S. inflation data later today. The European markets were mixed and flat and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

The TSE finished sharply lower on Thursday following losses from the technology, plastics and cement stocks, while the financial sector came in mixed.

For the day, the index slumped 283.45 points or 1.16 percent to finish at the daily low of 24,236.45 after peaking at 24,502.37.

Among the actives, Mega Financial collected 0.25 percent, while First Financial rose 0.35 percent, Fubon Financial shed 0.58 percent, E Sun Financial added 0.60 percent, Taiwan Semiconductor Manufacturing Company tanked 2.52 percent, United Microelectronics Corporation sank 0.85 percent, Hon Hai Precision dropped 0.96 percent, Catcher Technology fell 0.26 percent, MediaTek skidded 1.07 percent, Delta Electronics retreated 1.53 percent, Novatek Microelectronics eased 0.11 percent, Formosa Plastics plunged 2.25 percent, Nan Ya Plastics plummeted 4.12 percent, Asia Cement lost 0.67 percent and Cathay Financial, CTBC Financial and Largan Precision were unchanged.

The lead from Wall Street suggests mild upside as the major averages opened mixed on Thursday but tracked steadily higher as the day progressed, ending near session highs.

The Dow gained 71.67 points or 0.16 percent to finish at 45,636.90, while the NASDAQ climbed 115.02 points or 0.53 percent to end at 21,705.16 and the S&P 500 rose 20.46 points or 0.32 percent to close at 6,501.86.

The strength that emerged on Wall Street came as traders digested highly anticipated earnings news from Nvidia (NVDA), with the AI darling and market leader reporting reported second quarter results that largely exceeded expectations but data center sales that came in below estimates.

Investors were also looking ahead to the release of the Commerce Department's report later today on personal income and spending in July, which includes the Federal Reserve's preferred readings on consumer price inflation.

In economic news, the Commerce Department said the U.S. economy grew more than estimated in the second quarter of 2025. Also, the Labor Department noted a modest decrease by first-time claims for U.S. unemployment benefits last week.

Crude oil prices moved higher on Thursday following a drop in U.S. crude inventories a day earlier. West Texas Intermediate crude for October delivery was up $0.42 or 0.65 percent at $64.57 per barrel.