TAIWAN WEEKLY KICKSTART: TAIEX rose 1% to a fresh ATH, while TPEx gained 3% on small-cap rotation; Commodities and Tech outperformed Financials further, while macro data remained supportive despite elevated US yields

Goldman Sachs Taiwan Weekly Kickstart: TAIEX rose 0.9% to a fresh all-time high while TPEx gained 3% on small-cap rotation, with Commodities and Tech further outperforming Financials. Energy (+15%), Chemicals (+6%), and Capital Goods, Tech Hardware, and Utilities (+2% each) led gains, while Banks (-2%) and Property, Staples, and Insurance (-1% each) lagged; TSMC gained 1.0%. QFIIs were net sellers of US$200mn in cash equities, concentrated in TSMC, Financials, and macro products, while further increasing net short futures positions by US$2.0bn;