Recent data shows that foreign investments have a net short position of about 23,000 contracts. Analysts indicate that there is currently no strong bearish sentiment compared to the past, which aids the market in reclaiming the 20,000 and 20,500 points, increasing the likelihood of closing the gap from April 7.

On the night of the second, Taiwan index futures turned positive, peaking at 20,887 points. Although the rise was less pronounced, it still gained 94 points, reporting at 20,776 points.

In April, the U.S. reported an increase of 177,000 in non-farm employment; although it fell short of the revised 185,000 from March, it significantly surpassed the market expectation of 133,000. The unemployment rate remained stable at 4.2%, while the labor force participation rate slightly rose to 62.6%, indicating an overall better-than-expected labor market. Consequently, major U.S. indexes rose across the board, helping to boost Taiwan index futures in the night session.

According to KGI Futures, from a technical perspective, the Taiwan index futures on Friday saw increases in both price and volume. Despite the potential pressure from the half-year line crossing below the yearly line, the trend of the yearly line has turned upward, which may sustain the ongoing bullish wave. The monthly resistance value is nearing the April 7 gap, and if the index can hold above this value, it may accelerate the upward shift of the monthly line. If the 5-day and 10-day lines can form a short-term bullish arrangement, a strategy to operate long along the 5-day line is recommended.

Analysts express a cautious optimism about the future market. While the red candlestick has not seen an increase in volume, it is unfortunate. However, there are initial signs of sector rotation. The top 10 sectors saw gains between 2.95% and 4.18%, suggesting that investors may have opportunities to follow this trend.

Looking at the Taiwan Futures Exchange night market quotes, the mini Taiwan index rose 100 points to 20,782 points; the electronic future rose 4.85 points to 1,128.25 points; the small electronic future went up 5.85 points to 1,129.25 points; the semiconductor 30 futures rose 33 points to 5,520 points; and the Taiwan mid-100 futures increased by 139 points to 17,632 points.

In terms of individual stocks, TSMC futures fell by 2 TWD to 942 TWD; UMC futures declined by 0.2 TWD to 45.25 TWD; while Taiwan 50 ETF futures rose by 0.45 TWD to 173.85 TWD.

Regarding foreign index futures and commodity futures, the TOPIX fell by 2 points to 2,691.75 points; U.S. Dow futures rose by 140 points to 41,320 points; S&P 500 futures increased by 23 points to 5,693.75 points; Nasdaq 100 futures increased by 181 points to 20,150 points; the Philadelphia semiconductor index rose by 84.5 points to 4,400 points; and the FTSE 100 rose by 43 points to 8,594 points; meanwhile, Taiwan dollar gold futures dropped by 310 points to 11,850 points and Brent crude futures fell by 50 points to 1,900 points.