Taiwan's stock market jumped at the open, good news for investors after a strong session on Wall Street.

• The main Taiwan index opened up and quickly widened its gain to more than 300 points.
• TSMC, MediaTek and Delta Electronics all rose, with chip stocks doing the heavy lifting.
• Memory maker Nanya Technology surged after reporting record monthly sales, with revenue up more than sixfold from a year ago.
• US markets set the tone: the Dow, S&P 500, Nasdaq and the chip index all closed higher, and Nvidia gained over 3%.
• Government bond yields hit their highest level since late 2023 before pulling back, easing worries about inflation and interest rates.

Outlook: Chip and memory stocks look set to keep leading Taiwan's market as long as US tech stays strong and bond yields stay calm.