Taiex rose 0.62% to 43,386.41 on August 3 even as foreign investors and proprietary dealers sold, with AI optical communications, passive components and upcoming U.S. data in focus.
Taiwan stocks extended their rebound on August 3, with the Taiex finishing 0.62% higher at 43,386.41 after opening lower, supported by 29 straight sessions of net buying from investment trusts. Foreign investors and proprietary dealers were net sellers, but the index stayed above 43,000 as attention shifted to AI optical communications, passive components and other thematic sectors. In the United States, improving risk sentiment, stronger tech earnings and easing Middle East geopolitical risks helped lift major indexes on Friday, while Amazon's better-than-expected results reinforced the market's view that AI spending is increasingly converting into revenue and profit. The focus this week turns to the July U.S. nonfarm payrolls report, Federal Reserve policy expectations, and earnings from AMD, Sandisk and SpaceX, alongside Taiwan company revenue releases and semi-annual reports.