TAIEX Rebounds from 4-Week Low but Posts Weekly Loss
2026-10-16 06:28
By
Chusnul Chotimah
1 min. read
The TAIEX, Taiwan’s benchmark stock index, rose 141 points, or 0.3%, to close at 47,111 on Friday, rebounding after falling in the previous session and moving away from its lowest level since September 17, touched 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, traders 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 gained 0.2% after plunging 4% on Thursday.
MediaTek climbed 2.8%, Delta Electronics gained 0.3%, and Hon Hai Precision rose 2.7%.
However, TSMC, the world’s largest contract chipmaker, which accounts for more than 40% of the market’s total value, fell 0.2% after CEO C.C.
Wei warned on Thursday about macroeconomic uncertainty and weak consumer demand.
For the week, the index slumped 4.6%, marking its first weekly decline in five weeks amid a tech selloff.