Taiwan's stock market rose Friday but slipped off its intraday high, a mildly positive day for investors who are still holding back until the Fed signals its next move on interest rates.

• The Taiex closed up under 1%, lifted by chip stocks after Nvidia's strong earnings.
• Traders trimmed positions before Fed chair Kevin Warsh speaks at Jackson Hole, with the latest inflation reading coming in a bit hot.
• TSMC gained but stalled near a price ceiling, capping the whole index since it makes up over 40% of the market's value.
• Financial firms helped too, as higher US bond yields boost what they earn on overseas investments.
• Memory chipmakers lagged, dragged down by falling Samsung and SK Hynix shares in South Korea.

Outlook: The market looks set to hold its ground near current levels, with direction hinging on what the Fed signals about rate cuts.