TAIPEI (TVBS News) — Taiwan's stock market experienced a dramatic rally Wednesday (April 23), surging 845.71 points to close at 19,639.14 with a substantial trading volume of NT$269.098 billion (US$8.28 billion). Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the island's most valuable company and world's largest contract chipmaker, led the charge with shares climbing NT$57 (US$1.75) to NT$873 (US$26.86), a remarkable 6.99% gain.
Market analysts attributed the robust performance to global investor reactions following reassuring comments from U.S. President Donald Trump. Speaking to reporters Tuesday, Trump dispelled rumors of leadership changes at the Federal Reserve, stating he has no intention to dismiss Chair Jerome Powell. "I would like to see him be a little more active in terms of his idea to lower interest rates," the president added.
Tsai Ming-han (蔡明翰), an analyst at Cathay Futures Consultant Co (國泰證期), one of Taiwan's prominent financial advisory firms, characterized the day's trading as a significant market rebound. While Tsai recommended investors maintain a long-term bullish outlook, he advised against aggressive buying during such strong upswings. "Pullbacks offer better entry points," Tsai suggested, advocating for strategic patience rather than chasing momentum.
Despite the prevailing optimism, Tsai acknowledged substantial challenges looming on the horizon, particularly regarding ongoing international tariff negotiations. Potential chip tariffs represent an especially significant concern for Taiwan's export-driven semiconductor industry. The analyst reiterated his cautious approach, emphasizing the strategic importance of accumulating positions during market dips rather than pursuing momentum at elevated price levels. ★
