CN 
EN 
By Danish Lim, Senior Investment Analyst, Phillip Nova
The SGX FTSE Taiwan Index Futures contract tracks the FTSE Taiwan RIC Capped Index, offering exposure to roughly 130 large- and mid-cap Taiwanese stocks. To reduce concentration risk, the index caps any single stock at 20% of total weight.
Taiwanese equities have surged to record highs, largely fuelled by strong demand linked to artificial intelligence and semiconductors. In 2025, the futures contract delivered a total return of 23.88%, outperforming the Nasdaq 100’s 21% gain over the same period.
While the longer-term outlook remains bullish, near-term consolidation is likely. Momentum indicators suggest the market is currently overbought, and geopolitical risks remain an important tail risk. The 14-day Relative Strength Index (RSI) is hovering around 74, signalling the potential for a short-term pullback.
Technically, prices could retreat toward the 123.6% Fibonacci retracement level near 2,250, which also aligns with the 100-day moving average. As long as the contract holds above this level, momentum is expected to rebuild, with upside targets at the 161.8% extension near 2,500, and potentially 2,600 在 176.4% extension. The bullish thesis remains intact unless the contract records a sustained break below the 2,250 level.
A defining feature of the index is its heavy technology exposure, which accounts for over 62% of total weight—nearly double the S&P 500’s tech allocation. Major constituents include TSMC, MediaTek， 和 Hon Hai Precision Industry (Foxconn).
From a tactical standpoint, TSMC’s weighting is a key consideration. As the world’s leading semiconductor foundry and a critical supplier to companies like Apple, Nvidia, AMD, and Sony, TSMC is widely viewed as a proxy for global AI infrastructure spending. While TSMC represents about 43% of the uncapped FTSE Taiwan Index, its weight is limited to around 20% in the capped version. This cap helps reduce concentration risk, making the FTSE Taiwan RIC Capped Index—and its futures contract—more diversified and potentially less volatile.
Trade the SGX FTSE Taiwan Index Futures (TWN) at just $1.38 now!
点击 此处 to learn more about our exclusive SGX FTSE Taiwan Index Futures (TWN) promotion now!
在 NOVA 交易 CFDs、ETF、外汇、期货、期权、贵金属和股票
NOVA 交易功能
- 接通超过 20 个全球交易所 通过超过 20 个全球交易所的 200 多个环球期货产品，把握市场机会。
- 全球股票交易机会 覆盖新加坡、美国、中国、香港、马来西亚及日本市场超过 11,000 只股票和 ETF。
- TradingView 图表支持 查看实时图表，并使用超过 100 种技术指标。
- 真正的多资产交易 通过 NOVA 的单一账簿，交易 CFDs、ETF、外汇、期货、期权、贵金属及股票。
- 美元及新元股票融资利率低至 4.5% p.a.
- 美股碎股低至 1 美元起
以低至 1 美元名义金额开始投资美股碎股，每笔订单佣金为 0.38 美元。
