The Taiwan stock market has moved lower in three straight sessions, sinking almost 1,180 points or 3.4 percent along the way. The Taiwan Stock Exchange now sits just above the 32,720-point plateau although it's expected to open to the upside on Tuesday. The global forecast for the Asian markets is upbeat as tensions in the Middle East take a slight breather. The European markets were mixed and the U.S. bourses were up and the Asian markets are expected to follow the latter lead. The TSE finished sharply lower on Monday with losses in all sectors, especially the technology, finance and plastics companies. For the day, the index stumbled 821.38 points or 2.45 percent to finish at 32,722.50 after trading between 32,461.09 and 33,334.00. Among the actives, Mega Financial shed 1.03 percent, while First Financial tumbled 2.26 percent, Fubon Financial retreated 2.03 percent, E Sun Financial slumped 2.04 percent, Taiwan Semiconductor Manufacturing Company declined 1.63 percent, United Microelectronics Corporation stumbled 1.90 percent, Hon Hai Precision plunged 3.45 percent, Largan Precision cratered 5.10 percent, Catcher Technology skidded 1.88 percent, MediaTek and Delta Electronics both plummeted 4.41 percent, Novatek Microelectronics dropped 3.38 percent, Formosa Plastics crashed 5.99 percent, Nan Ya Plastics sank 5.87 percent, Asia Cement lost 1.72 percent and Cathay Financial and CTBC Financial were unchanged. The lead from Wall Street is broadly positive as the major averages opened higher on Monday and remained firmly in the green throughout the trading day.
The Dow surged 631.00 points or 1.38 percent to finish at 46,208.47, while the NASDAQ spiked 299.15 points or 1.38 percent to close at 21,946.76 and the S&P 500 rallied 74.52 points or 1.15 percent to end at 6,581.00.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.