Taiwan Stock Market Rallies Nearly 2% Amid Global Economic Concerns and U.S. Interest Rate Outlook

Taipei, Taiwan - The Taiwan Stock Exchange (TSE) experienced a significant rebound on Thursday, recovering from a three-day losing streak. The index surged by 416.43 points, or 1.90 percent, closing at 22,377.26. This rally was fueled by gains in financial shares, technology stocks, and plastics and cement companies. Key performers included Taiwan Semiconductor Manufacturing Company, which soared by 3.47 percent, and United Microelectronics Corporation, which jumped 1.92 percent. Formosa Plastics also saw a gain of 1.62 percent. Despite the positive momentum in Taiwan, global markets remain cautious due to concerns about tariffs and the overall health of the world economy. U.S. markets closed slightly lower, with the Dow shedding 11.31 points (0.03 percent), the NASDAQ losing 59.16 points (0.33 percent), and the S&P 500 falling 12.40 points (0.22 percent). Lingering concerns about the economic outlook followed the Federal Reserve's decision to hold interest rates steady. The Fed's projections for GDP growth in 2025 were lowered to 1.7 percent from 2.1 percent, while forecasts for consumer price growth this year were raised to 2.7 percent from 2.5 percent.