Taiwan Stocks Fluctuate Amid Bull-Bear Struggle on May 20, Defending 40,000-Point Mark
On May 20, as President Lai Ching-te delivered a speech, the Taiwan stock market fluctuated after opening higher, influenced by rising U.S. bond yields and investor caution ahead of NVIDIA's earnings report. The market struggled but managed to defend the reported 40,000-point level. As of 10:30 AM, the TAIEX was at 40,334.32 points. Analysts suggest that while there's short-term correction pressure, the long-term outlook remains positive due to solid fundamentals.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 11:45
- 🔍 Collected: May 20, 2026 at 12:02 (17 min after Published)
- 🤖 AI Analyzed: May 20, 2026 at 12:19 (17 min after Collected)
(CNA, Reporter Tseng Jen-kai, Taipei, 20th) Amid rising U.S. bond yields, investor caution ahead of NVIDIA's earnings announcement, and President Lai Ching-te's speech at the Presidential Office this morning marking his second anniversary in office (per original text), the Taiwan stock market opened in the green today before falling into negative territory, fluctuating around its opening level to defend the 40,000-point mark. As of 10:30 AM, the weighted index on the centralized market was up 158.76 points at 40,334.32. The transaction value was approximately NT$495.1 billion. U.S. Treasury yields continued to climb, with the 30-year Treasury yield once touching 5.19% during Tuesday's session, a 19-year high. The market worries that a resurgence of inflation could trigger interest rate hikes, potentially impacting stock valuations. Additionally, with NVIDIA set to release its earnings report after the market closes on the 20th, Eastern Time, investors are in a wait-and-see mode, causing the Taiwan market to oscillate. The four major large-cap stocks showed mixed results: TSMC fell by as much as NT$15 to NT$2,190; MediaTek surged by up to NT$195 to NT$3,350; Delta Electronics rose by up to NT$45 to NT$1,960; and Hon Hai dipped by a maximum of NT$3.5 to NT$241.5. According to an analysis by SinoPac Securities Investment Service Corp., recent market rotation has accelerated, especially with retail investors flocking to actively managed ETFs. The premium on newly listed active ETFs even exceeded 5% at one point, indicating strong buying interest that drives large purchases of ETF constituent stocks, leading to more concentrated rotation and increased volatility. SinoPac observed that the TAIEX still shows a large deviation, facing short-term correction pressure. However, the fundamental outlook remains unshaken, and it is projected that the market will see short-term volatile adjustments but maintain a positive long-term view. (Editor: Yang Lan-hsuan) 1150520