Taiwan weighted stock index closes up 0.2% at 23,412.98

Taiwan weighted stock index closes up 0.2% at 23,412.98

The Taiwan Weighted Stock Index (TWSE) closed up 0.2% at 23,412.98 on July 2, 2025, according to the latest market data. This performance was driven by a mix of positive and negative factors, including pre-market trading trends and earnings reports.

Pre-market trading saw mixed results, with the Dow futures narrowing their gains while the Nasdaq and S&P 500 futures turned negative. The initial jobless claims in the USA for the week ending November 9 were 0.217 million, slightly lower than expected, indicating a slight improvement in the labor market. The USA PPI increased by 2.4% year-on-year in October, in line with expectations [1].

Key contributors to the TWSE's performance included Taiwan Semiconductor Manufacturing Company (TSM.US), which saw a 1% increase in pre-market trading. The company's utilization rates for 3 and 5 nanometers are expected to remain at full capacity in the first half of next year, driven by strong demand for AI chips. Additionally, Asml Holding (ASML.US) reiterated its 2030 sales guidance of 44 billion to 60 billion euros, highlighting its bullish outlook on AI-driven semiconductor demand [2].

On the other hand, Disney (DIS.US) rose nearly 10% in pre-market trading, with fourth-quarter earnings surpassing expectations. However, Cisco (CSCO.US) fell nearly 3% due to a 23% year-on-year decline in first-quarter revenue from its networking business [3].

Global macroeconomic factors also played a role in the market's performance. Federal Reserve Governor Krogler emphasized the need to focus on both inflation and employment targets, while Federal Reserve officials urged cautious action regarding interest rate cuts. JPMorgan Asset Management warned that Trump's tariff plan could slow global economic growth and put upward pressure on inflation in the USA [4].

In conclusion, the Taiwan Weighted Stock Index closed up 0.2% at 23,412.98 on July 2, 2025, reflecting a mix of positive and negative factors. Investors should continue to monitor earnings reports and macroeconomic indicators for further insights into market trends.

References:
[1] https://www.moomoo.com/news/post/69253449/record-tr4cking-news-dow-left-behind-as-s-p-500-soars-to-record
[2] https://www.moomoo.com/news/post/69253449/record-tr4cking-news-dow-left-behind-as-s-p-500-soars-to-record
[3] https://www.moomoo.com/news/post/69253449/record-tr4cking-news-dow-left-behind-as-s-p-500-soars-to-record
[4] https://www.moomoo.com/news/post/69253449/record-tr4cking-news-dow-left-behind-as-s-p-500-soars-to-record