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Taiwan Stocks Hit Record Highs; Analysts Eye 50,000 Points Amid Strong Earnings
Finance · Investment Banks/Brokers · economic_daily · 2026-09-22
Taiwan stocks reached a record high of 48,601 points before pulling back. Despite technical selling pressure, analysts remain bullish, citing strong corporate earnings growth.
What Happened
Record Highs: The Taiwan stock market reached a historic intraday high of 48,601 points on the 22nd. Although profit-taking led to a narrowing of gains by the close, with the index finishing at 47,800 points, the overall bullish sentiment remains intact.
Technical Indicators: The formation of a 'shooting star' or 'inverted hammer' candle with a 620-point upper shadow suggests significant selling pressure at high levels. However, analysts view this as a healthy consolidation phase rather than a reversal of the long-term trend.
Earnings Outlook: Institutional investors are highly optimistic about corporate earnings, with consensus estimates for annual growth exceeding 50%. Some firms, such as Yuanta Securities, have projected growth as high as 72.4%, providing a solid fundamental floor for the market.
Market Targets: Analysts remain bullish on the market's trajectory, with many setting price targets above the 50,000-point mark. With top-tier brokerages like Uni-President Securities projecting as high as 55,000 points, the market is widely expected to challenge the 50,000-point threshold in the fourth quarter.