Taiwan Stocks Rebound from 4-Week Low
2026-10-16 03:13
By
Chusnul Chotimah
1 min. read
The TAIEX, Taiwan’s benchmark stock index, rose 518 points, or 1.1%, to 47,488 around noon on Friday, rebounding after falling in the previous session and touching its lowest level since September 17, a day earlier.
The rebound tracked gains in Asian market peers, following an upbeat session on Wall Street overnight as the tech selloff eased.
However, high oil prices capped gains amid concerns over inflation and interest rate hikes.
Traders also looked ahead to the release of a slew of Chinese data, including GDP growth, due next week.
Most sectors traded in the green, including electronic technology, which rose 1.1%, after a 4% plunge on Thursday.
MediaTek rose 3.1%, Delta Electronics gained 0.9%, and Hon Hai Precision climbed 2.1%.
However, TSMC, the world’s largest contract chipmaker, which accounts for more than 40% of the market’s total value, declined 0.4% after CEO C.C.
Wei warned on Thursday that consumer demand and price-sensitive end-market segments were facing challenges.