Taiwan Stocks Higher; Taiex Index Surges 2.6%

Taiwan stocks experienced a significant rise, with the benchmark Taiex index climbing 2.6% to 49722.29, driven by improved investor sentiment. Key companies like TSMC, MediaTek, and Delta Electronics saw notable gains of 2.8%, 2.5%, and 5.8% respectively. The positive sentiment was bolstered by fading expectations of a Federal Reserve interest rate hike this month, following weaker-than-expected economic data.