Stock Market

The TPEx index fluctuated and edged higher in the month of April. On the very 1st day of the month, following signals from US President Trump that the end of the war with Iran was around the corner, the OTC index rose 13.46 points to close at 321.19, a gain of 4.37%. However, on the 2nd, due to selling pressure ahead of the long weekend of the Tomb-Sweeping Day, the OTC index fell 3.29 points to close at 317.90, a drop of 1.02%. From April 7th to 22rd, the United States and Iran reached a two-week ceasefire agreement and maritime transport resumes through the Strait of Hormuz, easing global energy concerns. Crude oil prices fell by more than 17%, returning to below US$100 per barrel, and the consensus was that the worst scenario was probably over. During this period, the U.S. Department of Labor released the March Producer Price Index (PPI), which showed a monthly increase of 0.5%, apparently lower than the market expectation of 1.1%, indicating that inflationary pressures were stepping back and market expectations for the Federal Reserve to cut interest rates were accumulating all over again. On the other hand, TSMC announced at its investor conference on the 10th that its revenue for the first quarter of 2026 hit a record high for a single quarter, and revealed strong prospect of AI demand, signalling sustained momentum of the AI supply chain industry. At the same time, the Taiwanese Ministry of Finance also announced that the export value in March reached US$80.18 billion, a monthly record high, while the year-on-year growth rate also reached 61.8%, indicating that the demand for AI, high-performance computing and cloud services continues to expand. The OTC index rose for 12 consecutive days on multiple tailwinds, accumulating a gain of 77.18 points (24.28%) to close at 395.08 points, reaching an all-time peak for the OTC index. From the 23rd to the end of the month, the market experienced profit-taking selling pressure after short-term adrenaline rushes, and the OTC index pulled back and started a range-bound consolidation. The OTC index closed at 384.58 on the last trading day of the month (30th), up 76.85 (24.97%) in comparison with level at the end of previous month. Among all the sectors, electronic parts/components stocks led the herd, gaining 37.72%, while Textiles stocks fell 5.57%.

In the Emerging Stock Board stocks, the latest monthly total turnover amounted to approximately NT$393.721 billion, an increase of 46.79% in comparison with the previous month's total turnover of NT$268.220 billion. A total of 3,040,410 transactions were settled this month. The daily turnover on the Emerging Stock Board averaged NT$19.686 billion, up 61.47% as compared to the average daily turnover of NT$12.192 billion last month. Total trading volume in the month amounted to 3,497,896 thousand shares, up 48.21% as compared to 2,360,133 thousand shares traded in the previous month. The market recorded the highest daily turnover of the month on the 20th with NT$36.0 billion.

Stock Index Movement and Turnover Chart

Highest Index Level in Apr is 395.08   Lowest Index Level in Apr is 317.9 Highest Turnover in Apr is 4151.10141932   Lowest Turnover in Apr is 1481.71253873 (Unit = NT$100M)