The TAIEX closed at 45,811.01 on August 16, up 1,585.10 points, or 3.58%, over the weekCITE:E1CITE:E9.
SinoPac Securities Investment Consulting said the index rebounded in August following a July decline, moved back above its seasonal moving average, and briefly broke through the 46,000-point markCITE:E2. It added that U.S. equities also rose as inflation pressure eased temporarily, helping restore investor confidenceCITE:E2. E.SUN Securities Investment Trust fund manager Du Hsin-pei said July's pullback came on shrinking trading volume and reduced margin financing balances, and she expects limited room for a further sharp correction in the near term, with a higher probability of consolidation at elevated levels; she said trading volume should be watched going forwardCITE:E6. SinoPac separately noted that since the July rebound began, the index has moved closer to record highs and entered a resistance zone where volatility could increase, advising investors to buy on dips while avoiding chasing pricesCITE:E5.
SinoPac Securities Investment Consulting said no — CSP AI spending plans remain unchanged despite cash-flow pressureCITE:E3CITE:E10.
The firm said major cloud service providers face declining, and in some cases negative, free cash flow, but their pace of AI investment has not wavered — and some are increasing it, a trend it said should dispel market doubts about the durability of AI spendingCITE:E3. It named Taiwan's supply chain as the primary beneficiary of that continued spending and said it remains bullish on the broader uptrend for Taiwan stocksCITE:E3CITE:E10.
E.SUN Securities Investment Trust's Du Hsin-pei projects 42% profit growth for listed companies this year, and 53% for AI-related stocksCITE:E7CITE:E11.
| Category | Projected 2026 profit growth (YoY) |
|---|---|
| Overall listed companies | 42% |
| AI-related stocks | 53% |
Du said AI demand continues to drive upward revisions to corporate earnings, and that with the long-term AI growth trend and the earnings-upgrade cycle both unchanged, she remains positive on Taiwan stocks' medium-to-long-term performanceCITE:E7.
SinoPac and E.SUN flagged inflation data, U.S. midterm election politics, and supply-chain component shortages as near-term risksCITE:E4CITE:E8.
SinoPac said the near-term focus for Taiwan stocks remains inflation: last week's U.S. inflation data lowered concerns about a Federal Reserve rate hike, turning investors more positive, but it cautioned that policy uncertainty persists as the U.S. midterm elections approachCITE:E4. Separately, Du said investors should watch for supply-chain long/short component shortages, which could delay shipment schedules for some productsCITE:E8.
The week's 3.58% rally that carried the TAIEX above 46,000CITE:E2 arrives alongside SinoPac's own caution that the index is now in a resistance zone near record highs where volatility could increaseCITE:E5 — a technical warning that sits next to its unchanged bullish view on AI capital spendingCITE:E3. Likewise, the easing of Federal Reserve rate-hike concerns cited as a driver of this week's gainsCITE:E4 is itself framed as provisional: both firms point to the approaching U.S. midterm electionsCITE:E4 and supply-chain component shortagesCITE:E8 as variables that could complicate the 42%-to-53% earnings growth trajectory now underpinning the bullish caseCITE:E7.
The TAIEX closed at 45,811.01 on August 16, up 1,585.10 points, or 3.58%, for the week.
E.SUN Securities Investment Trust projects 53% profit growth for AI-related stocks, versus 42% for listed companies overall.
SinoPac flagged inflation data and U.S. midterm election policy uncertainty, while E.SUN flagged supply-chain component shortages that could delay shipments.
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