The TAIEX, the Taiwan Stock Exchange's benchmark Index surged 1,532 points, or 4.6%, to close at 34,761, extending gains from the previous session and marking its highest level since early March. The broader index followed a rally in US futures after US President Trump announced a two-week ceasefire with Iran. Almost all sectors traded in the green, including electronic technology, manufacturing, technology services, distribution services, and finance. On the data front, Taiwan's annual inflation rate slowed to 1.2% in March 2026, easing from a ten-month high of 1.75% recorded in February. Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market value, rose 4.8%. Other large-cap tech stocks also recorded sharp gains, including Delta Electronics and Hon Hai Precision, which surged 9.9% and 5.0%, respectively. Meanwhile, Eternal Materials, Sigurd Microelectronics, and Winway Technology each surged 10%.