Taiwan Weekly Kickstart

Goldman Sachs upgrades Taiwan to Overweight with a new TAIEX target of 51,000, citing strong earnings growth and significant AI-sector exposure. The market performance is currently buoyed by financials and earnings upgrades.

Key Takeaways

• 1.We raise Taiwan to Overweight and our TAIEX target to 51,000 (from 45,000).
• 2.AI-related names account for over 80% of index weight, supporting strong expected earnings growth.
• 3.Revenues for listed companies rose 40% YoY in May so far.

Table of Contents

• Charts of the Week: Higher TAIEX Target
• Charts of the Week: FTSE TWSE Taiwan index Review
• Charts of the Week: Earnings Revision Leading Indicator
• Charts of the Week: Monthly Sales Tracker (May 2026)
• Taiwan Market/Sector Summary & Scorecard
• GS Macro & Market Forecasts
• Performance Snapshot
• Sector Leaders/Laggards
• Style/Factor Monitor
• Equity Flows
• ETF Flows
• Regional Fund Flows and Positioning
• Valuations in Context
• Earnings Revisions
• TSMC ADR Premium Reversal Index (GSSRTSMR)
• Equity and Policy Risk Indicators
• Macroeconomic Indicators
• Disclosure Appendix