The Taiwan stock market on Monday halted the three-day slide in which it had stumbled almost 115 points or 1.1 percent. The Taiwan Stock Exchange now rests just above the 10,720-point plateau and it may extend its gains on Tuesday.
The global forecast for the Asian markets is positive thanks to easing trade war concerns and support from crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to follow suit.
The TSE finished sharply higher on Monday following gains from the financials, technology stocks, plastics and cement companies.
For the day, the index jumped 111.71 points or 1.05 percent to finish at 10,720.28 after trading between 10,638.90 and 10,746.74 on turnover of 136.27 billion Taiwan dollars.
Among the actives, Cathay Financial climbed 1.37 percent, while Fubon Financial picked up 1.31 percent, CTBC Financial plummeted 4.65 percent, Mega Financial collected 0.38 percent, Taiwan Semiconductor Manufacturing Company spiked 2.07 percent, Hon Hai Precision added 0.37 percent, Largan Precision surged 6.84 percent, AsusTek Computer perked 1.36 percent, United Microelectronics Corporation gained 0.28 percent, MediaTek tumbled 4.39 percent, Formosa Plastics jumped 1.37 percent, Taiwan Cement advanced 2.76 percent and Chunghwa Telecom was unchanged.
The lead from Wall Street is firm as stocks moved sharply higher on Monday, extending the strong upward move in the previous session.
The Dow soared 320.11 points or 1.31 percent to 24,776.59, while the NASDAQ advanced 67.81 points or 0.88 percent to 7,756.20 and the S&P 500 climbed 24.35 points or 0.88 percent to 2,784.17.
Traders continued to react positively to last week's Labor Department report showing stronger than expected job growth in June.
Banking stocks showed a substantial move to the upside, as did oil service stocks. Crude oil prices saw mild upside Monday on a light data day that saw the dollar little changed. August WTI settled at $73.85/bbl, up five cents.
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Market Analysis
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.