TAIEX Rises on Middle East Peace Hopes

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The Taiwan Stock Exchange TAIEX rose nearly 3% to around 33,570 on Wednesday, snapping a four-day decline and joining a broader rebound in Asian markets as investors priced in hopes of easing tensions in the Iran conflict. US President Donald Trump said his administration is holding talks with Iran, even though Tehran has denied that negotiations are taking place, while the US increases its military presence in the region. The electronics and technology sector led the advance, with market bellwether TSMC rising more than 3% and Delta Electronics surging over 9%. Other notable gainers included Hon Hai Precision Industry (+1.5%), MediaTek (+1.6%), and ASE Technology (+6.2%). Most sectors were also in positive territory, including finance, producer manufacturing, and process industries.

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