Taiwan Stocks Surge 6% on Short-Selling Restrictions and NT$500 Billion Fund
📊 HSI — Piyasa Yorumu
▲ up · 62%The strong rally in Taiwanese equities and short-selling restrictions could boost regional risk appetite and may also have a positive spillover effect on the HSI. The HSI has already risen 4.7% in 24 hours and is trading above its SMA20; momentum is strong, but with an RSI of 63 it is approaching overbought territory. Although the MACD remains below its signal line, it is in positive territory; this suggests the upward bias could continue in the short term. Nevertheless, caution is warranted because the news relates directly to the Taiwan market rather than the HSI, and part of the rally may already be priced in. I expect a mildly upward trend over a 1-3 day horizon, but the risk of profit-taking should not be ignored.