Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Taiwan’s stock market rally is expected to extend into 2026, supported by robust earnings momentum from the booming artificial intelligence (AI) supply chain, according to a new research note from UBS. The Taiwan Weighted Index (Taiex) recently surged past the 28,000 mark, hitting record highs as profit expectations and semiconductor investments continue to climb.
UBS projects the Taiex could reach 23,840 in 2025 and climb further to 29,023 by the end of 2026, driven by an estimated 19% earnings growth next year. Despite ongoing debate over whether the AI sector is in a bubble, UBS believes the Taiex’s premium valuation—19 times 2026 earnings—is justified by strong profit growth of around 20% across its coverage universe.
The report noted that further earnings upgrades may be possible if Taiwan’s AI supply chain successfully executes new product launches and monetizes its substantial capital investments. UBS remains optimistic about Taiwan’s leading role in the global AI and semiconductor ecosystem but advises investors to maintain diversified portfolios to manage potential volatility.
Highlighting key investment opportunities, UBS pointed to automation leader Advantech (TW:2395) as a prime beneficiary of smart manufacturing trends. In consumer technology, United Microelectronics Corporation (UMC) (TW:2303) and LARGAN Precision (TW:3008) were cited for their growth potential. The bank also sees value in high-dividend stocks, anticipating seasonal strength through the first half of 2026.
Among UBS’s top picks, UMC and Advantech were added to its most-preferred list, while E.SUN Financial (TW:2884) was removed due to concerns over capital management. On the least-preferred list, Compal Electronics (TW:2324) and Asustek Computer (TW:2357) were downgraded amid expectations of muted notebook demand and a normalization in gaming hardware sales after a strong 2024.
UBS added that rising capital expenditures across the tech sector could fuel credit demand, offering additional support to Taiwan’s financial institutions as the AI-driven rally continues.
