The stock market is facing numerous challenges, particularly due to the unpredictable nature of Trump's tariff policies. Chen Chuan-yao, fund manager of Unified Taiwan Growth Active ETF (00981A), stated that achieving a V-shaped recovery in Taiwan stocks is difficult. Recent rebounds are attributed to a softened stance from Trump, but as of now, no country has reached a tariff agreement. The response from April 7 to April 9 at 17,000 points reflects a highly pessimistic outlook. Chen noted that industry inventory has been pre-pulled in the second quarter, and the current situation indicates that we are in a phase of stabilization.

He further explained that looking ahead, the second and third quarters may experience fluctuating ranges. He emphasized that this year is a result of an artificially induced bear market, and any messages from Trump are likely to lead to a significant market rebound.

Yu Wen-yi, Deputy General Manager of Unified Investment Trust, also indicated that the U.S. stock market remains influenced by Biden's policies in the second quarter, and Trump is expected to release positive news in the second half. Trump aims to transform American manufacturing, with Taiwan serving as a key partner. Historically, Taiwan has kept pace with American technological upgrades. This shift represents two opportunities for Taiwan: shedding low-cost manufacturing reliance and enhancing research and development capabilities; thus, collaborating effectively with the right enterprises will be crucial.