TAIPEI (Taiwan News) — Taiwan's stock market opened at 20,638.28 Wednesday (Aug. 7), gaining over 300 points to surpass the 20,800-point mark. 

The rally came after U.S. stocks rebounded Tuesday (Aug. 6), closing higher after a three-day decline. Analysts attributed this to bargain hunting by investors and a strengthening bond market, per CNA.

Taiwan Semiconductor Manufacturing Company (TSMC), Foxconn, and MediaTek led the gains, while robotics concept stocks also climbed. Ying Han Technology, KYE Systems, and AmTRAN Technology, all experienced gains of over 1%.

Among the major electronics stocks, TSMC rose 2.05%, Foxconn gained over 1%, MediaTek climbed more than 2%, and ASX-ASE Technology Holding increased by 4%.