Taiwan’s Taiex stock market index rose by 103.56 points, or 0.44%, to close at 23,651.27 on Tuesday.

This increase followed Monday’s 2.79% gain, fueled by the electronics sector – especially semiconductor stocks – after positive trends in the United States tech markets.

Taiwan Semiconductor Manufacturing Co. (TSMC) rose by 0.44% to NT$1,130 (US34.37), contributing around 40 points to the index.

Investor sentiment is high ahead of TSMC’s December sales report, expected on Friday, and its investor conference scheduled for January 16.