Taiwan Stocks Set for Higher Open After 474-Point Rebound; TSMC, MediaTek Lead Gains

Taiwan's stock market is expected to open higher on Tuesday after the Taiwan Stock Exchange snapped a four-day losing streak, surging 474.43 points, or 2.13%, to close at 22,736.93 on Monday. The index traded between 22,456.50 and 22,802.53 during the session. Technology and cement shares drove the rally, with Taiwan Semiconductor Manufacturing Co. gaining 3.92%, MediaTek jumping 4.38%, United Microelectronics spiking 2.41%, and Catcher Technology soaring 3.05%. Financials were mixed: Mega Financial fell 0.75% while E Sun Financial collected 1.30%. Formosa Plastics shed 0.36%. The rebound followed a cautious Wall Street session, where the NASDAQ rallied 0.97% to a record 19,403.95 while the Dow slipped 0.29%. Investors are awaiting key U.S. economic data later this week, including payroll and service sector reports. January WTI crude settled up 0.15% at $68.10 a barrel.