Market views· Sector Analyst
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Due to the absence of market headline data for November 14, 2026, this report is based solely on sector data and previous report summaries. The current Taiwan market exhibits a significant outperformance of the defensive Financial sector (0055) over cyclical sectors, amid overall momentum slowdown. Cyclical sectors are largely underperforming, reflecting conservative market sentiment.
Action: Consider overweighting the defensive Financial sector and adopt a conservative approach toward cyclical sectors with slowing momentum. Specifically, we recommend underweighting the 5G/Telecom sector.
| # | Type | |||||
|---|---|---|---|---|---|---|
| 1 | Financials 0055 | DEF | +4.12% | +13.79% | +25.45% | −5.30 |
| 2 | Technology 0052 | CYC | −0.33% | −0.68% | −2.16% | +0.57 |
| 3 | Semiconductor 00891 | CYC | −1.53% | −2.71% | −7.89% | +2.00 |
| 4 | Green Energy 00896 | DEF | −2.85% | −6.42% | −5.62% | −4.48 |
| 5 | 5G/Telecom 00881 | CYC | −4.08% | −6.23% | −13.97% | −2.06 |
Sustained relative strength and defensive characteristics suggest stable performance is expected even during market slowdowns.
The weakest relative strength and negative momentum across all timeframes indicate a high risk of further downside.
Long-term bearish trends and cyclical nature may render this sector vulnerable during market slowdowns.
The Financial sector is outperforming the benchmark across all timeframes, with 120-day RS surging to +25.45%. Although recent 20-day RS shows a corrective rise of +4.12% and momentum is slowing to -5.30, its defensive characteristics have established it as a key leading sector in the market.
The Technology sector is underperforming the benchmark, with 120-day RS declining slightly to -2.16%. However, recent 20-day RS fell only marginally to -0.33%, and momentum turned positive at +0.57, suggesting potential for a relative strength reversal.
The Semiconductor sector is underperforming the benchmark, with 120-day RS declining to -7.89%. While recent 20-day RS fell slightly to -1.53%, momentum turned positive at +2.00, warranting close observation of future trends.
The Green Energy sector continues to underperform the benchmark, with 120-day RS declining to -5.62%. Recent 20-day RS fell slightly to -2.85%, and momentum remains negative at -4.48, indicating weakness despite its defensive nature.
The 5G/Telecom sector is the worst performer relative to the benchmark, with 120-day RS plunging to -13.97%. Recent 20-day RS declined to -4.08%, and momentum remains negative at -2.06, indicating deepening overall weakness.
A defensive rotation is underway, characterized by capital inflows into the defensive Financial sector and broad weakness in cyclical sectors.
The Financial (0055) sector surged with a 120-day RS of +25.45%, driving the defensive sector average to +0.64%, while the cyclical sector average declined to -1.98%, resulting in a spread of -2.62% skewed toward defensive sectors. Overall sector momentum is slowing, with an average of -1.85%.
Key driver: The primary driver is the strengthening preference for defensive sectors amid overall market momentum slowdown and increased uncertainty.
Sector ETF prices relative to 0050 from AlphaLenz's daily price database, 14 Nov 2026.