TSMC rose nearly 3% in trading

The Taiwan stock market closed strong on Tuesday, up 2.10% and regaining the key level of 22,000 points. Analysts said that the market was encouraged by the ceasefire in Iran and the overall rebound in Asian stocks, with Taiwan stocks leading the way under the leadership of TSMC. The market opened with a gap up and continued rising, closing above the 5-day, 10-day, and six-month moving averages. The weighted index rose 2.10% to 22,188.76 points, with the technology sector index up 2.44%. TSMC rose 2.94%, while Hon Hai, Pegatron, and Delta Electronics rose by 2.88%, 2.66%, and 4.25% respectively. ASUS also hit its daily limit up.