Taiwan’s stock market is set to extend its recovery on Monday after snapping a brutal five-day losing streak with a historic single-session rally.
The Taiwan Stock Exchange finished Friday with a record surge, lifting the index back above the 41,110-point plateau after shedding nearly 3,950 points over the previous five sessions.
The index skyrocketed 3,186.45 points, or 7.98 percent, to finish at 43,119.75, with trading ranging between 41,610.41 and 43,214.36 during the session.
Technology, plastic, and financial sector stocks led the charge, driving some of the most significant single-day gains the exchange has recorded.
The global forecast for Asian markets heading into Monday is broadly positive, with retail and energy stocks expected to lead the way higher across the region.
European markets were mixed on Friday, while U.S. bourses closed in positive territory, and Asian markets are expected to split the difference in early trading.
Wall Street provided a firm lead after major averages opened higher on Friday, shrugged off an early dip, and trended upward for the remainder of the session.
The Dow jumped 276.93 points or 0.53 percent to finish at 52,485.03, while the NASDAQ (NDAQ) rallied 251.65 points or 1.00 percent to close at 25,373.85, and the S&P 500 added 52.09 points or 0.70 percent to settle at 7,489.72.
For the full week, the NASDAQ surged 1.5 percent, while the S&P 500 and the Dow both climbed 1 percent.
A key driver behind Wall Street’s strength was a sharp rally in shares of Amazon (AMZN), which reported better-than-expected Q2 revenue and cloud growth during the session.
Crude oil prices also surged on Friday after Iran’s military conducted strikes on U.S. military assets in Bahrain and Kuwait, adding a geopolitical premium to energy markets.
West Texas Intermediate crude for September delivery climbed $1.48, or 1.77 percent, to settle at $85.07 per barrel amid the escalating tensions.
Traders largely brushed aside a surge in treasury yields even as the 10-year yield bounced back to its highest level since early 2025, driven largely by the spike in crude oil prices.
