--- title: "Lower Open Tipped For Taiwan Stock Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/283273193.md" description: "The Taiwan stock market ended its eight-day winning streak, dropping 327.66 points or 0.88% to close at 36,804.34. The market is expected to open lower on Monday due to a gloomy global forecast, particularly after the Strait of Hormuz was shut down again. Despite losses in the plastics sector and mixed performances in financial and technology stocks, Wall Street saw significant gains on Friday, with the Dow rising 868.71 points. The overall sentiment remains cautious as Asian markets brace for pressure amid geopolitical tensions." datetime: "2026-04-20T00:40:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283273193.md) - [en](https://longbridge.com/en/news/283273193.md) - [zh-HK](https://longbridge.com/zh-HK/news/283273193.md) --- # Lower Open Tipped For Taiwan Stock Market (RTTNews) - The Taiwan stock market on Friday wrote a finish to the eight-day winning streak in which it had surged almost 4,600 points or 13.7 percent. The Taiwan Stock Exchange now sits just above the 36,800-point plateau and it's looking at another soft start again on Monday. The global forecast for the Asian markets is gloomy after the Strait of Hormuz was shut down again over the weekend. The European and U.S. markets were sharply higher on Friday, but the Asian bourses are now expected to open under pressure on Monday. The TSE finished modestly lower on Friday following losses from the plastics and mixed performances from the financial shares and technology stocks. For the day, the index dropped 327.66 points or 0.88 percent to finish at 36,804.34 after trading between 36,776.28 and 37,145.66. Among the actives, Mega Financial skidded 1.13 percent, while CTBC Financial perked 0.16 percent, Fubon Financial collected 0.11 percent, E Sun Financial sank 0.76 percent, Taiwan Semiconductor Manufacturing Company tanked 2.64 percent, United Microelectronics Corporation surged 6.88 percent, Hon Hai Precision shed 0.48 percent, Largan Precision plummeted 7.62 percent, Catcher Technology skyrocketed 9.87 percent, MediaTek jumped 1.58 percent, Delta Electronics fell 0.27 percent, Novatek Microelectronics improved 0.73 percent, Formosa Plastics tumbled 2.02 percent, Nan Ya Plastics plunged 3.09 percent, Asia Cement added 0.56 percent and Cathay Financial and First Financial were unchanged. The lead from Wall Street is strong as the major averages opened higher on Friday and remained firmly in the green throughout the trading day, ending at session highs. The Dow jumped 868.71 points or 1.79 percent to finish at 49.447.43, while the NASDAQ rallied 365.78 points or 1.52 percent to end at 24,468.48 and the S&P 500 gained 84.78 points or 1.20 percent to close at 7,126.06. For the week, the NASDAQ skyrocketed 6.8 percent, the S&P 500 soared 4.9 percent and the Dow spiked 3.2 percent. The rally on Wall Street came following news that Iran has declared the Strait of Hormuz completely open to commercial traffic on the heels of the 10-day ceasefire between Israel and Lebanon. The news of the temporary reopening of the strait led to a nosedive by the price of crude oil, easing supply-related concerns. West Texas Intermediate crude for May delivery was down $11.17 or 10.58 percent at $84.11 per barrel. The strength on Wall Street may also have reflected optimism about the strength of corporate earnings ahead of the quarterly results from several big-name companies this week. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [EWT.US](https://longbridge.com/en/quote/EWT.US.md) - [03021.HK](https://longbridge.com/en/quote/03021.HK.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [UMC.US](https://longbridge.com/en/quote/UMC.US.md) - [HNHPF.US](https://longbridge.com/en/quote/HNHPF.US.md) - [MTK.NA](https://longbridge.com/en/quote/MTK.NA.md) - [00743.HK](https://longbridge.com/en/quote/00743.HK.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) ## Related News & Research - [The War on Plastic Waste Could Create a Massive Opportunity for Xeriant | XERI Stock News](https://longbridge.com/en/news/286934147.md) - [US group says Starbucks plastic cups marked recyclable end up in trash](https://longbridge.com/en/news/287099202.md) - [ZAWYA: Kia’s global partner, The Ocean Cleanup expands plastic interception project ahead of LA28](https://longbridge.com/en/news/287182378.md) - [08:45 ETThe Jed Foundation (JED) Publishes New Report on Mental Health Challenges Among Boys and Young Men](https://longbridge.com/en/news/286915417.md) - [Analog Devices Provides Much-Needed Pullback: How Low Can It Go?](https://longbridge.com/en/news/287090503.md)