Taiwan index futures surged 401 points in overnight trading, and U.S. stocks closed in the red, leading to expectations for a rebound in Taiwan stocks

The Taiwan Index futures ended in the red in overnight trading, rising 401 points. (File photo)

The Wall Street stock market ended four consecutive days of decline on Friday (11th). All four major indexes closed in the red. TSMC ADR rose 1.22% to close at $433.24. The Taiwan Index futures surged 401 points in overnight trading to close at 46,588 points. Investors are looking forward to Taiwan stocks opening next Monday (14th) to reverse the decline. However, some netizens bluntly said that the recent market situation is confusing. They said that bulls are afraid of being killed and bears are afraid of being squeezed. They are really afraid of being on the wrong side.

The Taiwan stock market performed poorly on Friday (11th), falling 755.64 points, or 1.61%, to close at 46184.85 points. The three major legal entities sold a total of 112.37 billion yuan.

However, after U.S. stocks opened on Friday, they benefited from a fall in oil prices and a strong consumer price index that strengthened market expectations that the Federal Reserve will raise interest rates next week to curb inflation, ending four consecutive days of declines. The Dow Jones Industrial Average rose 509.19 points, 0.98%, the S&P 500 Index rose 0.86%, the Nasdaq Index rose 0.96%, the Philadelphia Semiconductor Index rose 1.81%, and TSMC ADR rose 5.21 US dollars, 1.22%, to close at US$433.24.

The Taiwan Index futures also closed in the red in overnight trading, rising 401 points to close at 46,588 points. Whether Taiwan stocks have a chance to rebound next week will attract much attention. However, the market is still closely watching the U.S. Federal Reserve's interest rate trends on the 17th, which may add variables to the market outlook.

Netizens have different opinions on Monday's trend. Some people are optimistic that it will rebound, while others say that it will rebound first and then kill. Some netizens bluntly said that the current stock market is like gambling, with no guesswork; others lamented that those who are bullish are afraid of being killed, and those who are short are afraid of being squeezed. They are really afraid of being on the wrong side.