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TSMC Revenue Outlook Boosts Taiwan Stocks; Index Eyes 48K Post-Holiday
Electronic Technology · Semiconductors · economic_daily · 2026-09-20
2330
With Fed uncertainty fading, analysts expect TSMC's September revenue to hit NT$520 billion, fueling a potential post-holiday rally for the Taiwan stock market.
What Happened
Market Outlook: Following the resolution of Fed rate hike uncertainties, market sentiment has shifted toward fundamental growth, with experts optimistic about a post-Mid-Autumn Festival rally. Historical data suggests a 60% probability of gains in the 20 trading days following the holiday, supported by the traditional Q4 peak season.
TSMC Performance: Analysts project TSMC's September revenue could reach a record NT$520 billion, signaling stronger profitability than in Q2. This fundamental strength is expected to attract long-term institutional inflows from both foreign and domestic investors.
Sector Momentum: Beyond TSMC, the AI supply chain—including PCB, thermal management, memory, and server components—is showing robust performance. The total revenue for listed companies in September is expected to surpass the NT$6 trillion milestone.
Technical Targets: Market experts note that a return to trillion-dollar trading volumes will be a key signal for further index appreciation. After consolidating above the 47,000-point level, the index is positioned to challenge the 48,000 mark in early October.
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