Taiwan's market bounced back strongly at the open after a positive US session, good news for investors after a run of choppy, sell-off-heavy trading days.

• Taiwan's main index opened up and quickly gained more than 700 points, with TSMC, Foxconn, Delta and MediaTek all rising.
• US stocks closed higher after government bond yields pulled back from multi-year highs and oil prices cooled, easing worries about inflation and rate hikes.
• Fed governor Waller said inflation is showing signs of cooling and he could back holding rates steady, which cut market bets on a September hike to a coin flip.
• Nvidia is buying developer platform Hugging Face for $12.9 billion to take on OpenAI and Anthropic; Snowflake jumped on a strong revenue forecast while Broadcom slipped on weak guidance.
• The US-Iran conflict is escalating, with Iran reportedly striking a US base in Kuwait, though Kuwait says it intercepted the attack and Trump expects the fighting to be short.

Outlook: Friday's US jobs report is the next big test — a clear cooling in hiring would force the Fed to choose between fighting inflation and protecting jobs.