Taiwan Stock Market Rallies Amidst Geopolitical Tensions

The Taiwan stock market ended a three-day losing streak, jumping 1.48 percent to finish at 33,836.57 points. This rally was primarily fueled by strong performances in financial and technology sectors, with companies like CTBC Financial Holding and Largan Precision showing significant gains, while Foxconn and Nan Ya Plastics experienced declines. The positive sentiment was mirrored on Wall Street, where the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all closed higher. However, geopolitical tensions in the Middle East escalated as Iran increased attacks on energy infrastructure, and Israel responded with strikes on Iran's capital and Hezbollah targets in Lebanon, causing crude oil prices to surge. Traders are also awaiting the United States===Federal Reserve's monetary policy announcement, which is expected to keep interest rates unchanged.