The Taiwan Stock Exchange is poised for a sluggish start as it anticipates a soft opening following a recent downturn. After a four-day losing streak that saw a decline of nearly 800 points or 3.6%, the Taiwan Stock Exchange now hovers just above the 21,960-point mark. Global market forecasts for Asian markets are subdued due to ongoing concerns about tariffs and their impact on the global economy. Both European and U.S. markets experienced declines, setting a negative tone for Asian bourses.

On the previous trading day, the Taiwan Stock Exchange experienced significant losses, particularly in the plastics and technology sectors, while the financial sector showed mixed performance. The index closed notably lower, shedding 316.68 points or 1.42% to end the day at 21,961.68. Notable movements in active stocks included declines in Taiwan Semiconductor Manufacturing Company, Largan Precision, and Nan Ya Plastics, among others.

Market sentiment was influenced by developments in the U.S., where major indices such as the Dow, NASDAQ, and S&P 500 all closed in the red. Concerns over trade policies under the administration of President Donald Trump, particularly in response to the European Union’s tariff measures, contributed to the negative market sentiment. Economic indicators such as flat producer prices in February and a slight decrease in initial U.S. jobless claims added to market uncertainties.

Oil prices also experienced a decline on the same day, driven by concerns over excess supply and demand outlook. West Texas Intermediate Crude oil futures for April closed lower, reflecting market apprehensions. The overall market sentiment remains cautious amid global economic uncertainties and geopolitical tensions affecting trade relations.

In conclusion, the Taiwan Stock Exchange is bracing for a soft market start amidst a backdrop of global market volatility and economic uncertainties. Investors are advised to closely monitor market developments and exercise caution in their trading decisions amid the prevailing market conditions.