TAIPEI (Taiwan News) — Taiwan's stock market opened strong Tuesday, buoyed by US gains, but was weighed down by TSMC in late trading.

The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) closed down 21.89 points at 23,018.01. Turnover totaled NT$399.14 billion (US$12.3 billion), per CNA.

Robotics stocks were the standout performers. Investors are closely watching the Federal Reserve's upcoming interest rate decision, which could impact market movements.

TSMC dropped NT$10 (31 US cents) to close at NT$1,075 (US$33), while Foxconn gained NT$1 to close at NT$183, and MediaTek rose NT$40 to end at NT$1,425. TSMC Chair CC Wei (魏哲家) expressed optimism Monday about the future of multi-functional robots, sparking a rally in robotics stocks.

Several robotics concept stocks hit the daily limit, including Apex Dynamics, Asia Optical, Tbi Motion, Hiwin Technologies, and Yuan High-Tech Development, closing at NT$749, NT$144.5, NT$55.9, NT$270.5, and NT$161, respectively. Ying Han Technology rose by 5.9%, while Ace Pillar climbed by 7.19%.

The Taipei-Shanghai Forum, which began Tuesday, saw Shanghai Deputy Mayor Hua Yuan (華源) announce plans to promote group tours to Taiwan. This boosted leisure tourism stocks.

LifeTour hit the daily limit of NT$110, closing nearly 7% higher, while FDC International Hotels and Hoya Resort Hotel Group rose 4% each. Richmond International Travel & Tours climbed 6.52%, and Chateau International Development gained 2.01%.