Taiwan's stock market opened sharply higher on August 10, with the Taiwan Weighted Index surging more than 600 points in early trading as weaker-than-expected U.S. July nonfarm payrolls data cooled expectations for imminent Federal Reserve (Fed) rate hikes. The benchmark opened at 44,540.71 and reached an intraday high of 44,851.28, while heavyweight TSMC opened NT$20 higher, extended its gain to NT$25 and briefly traded at NT$2,395, helping drive broader risk appetite. The rally was reinforced by strength in U.S. equities from August 7, when the Dow Jones Industrial Average rose 151.83 points to 54,036.93, the S&P 500 gained 47.68 points to 7,757.64, the Nasdaq climbed 342.27 points to 26,690.62 and the Philadelphia Semiconductor Index advanced 308.096 points to 12,356.79. Taiwan index futures in the overnight session also reclaimed 45,000 points, rising 736 points to close at 45,033. Broader participation extended beyond large caps. MediaTek and Delta Electronics advanced after the open, while the over-the-counter index gained about 1%. Memory, silicon intellectual property, IC design and AI-related shares were cited as key sentiment drivers. King Slide Works (2059.TW) briefly hit a second straight limit-up in a flash surge before unlocking, with the stock up NT$480 and briefly trading at NT$11,590, a sign of both strong thematic momentum and profit-taking. Trading was also shaped by the first day of Taiwan's new disposition stock framework, which reports said shortens disposition periods and increases batch matching frequency. The changes are seen as supportive for liquidity and could revive previously constrained momentum stocks, though they may also increase volatility, especially in high-priced names. Analysts said the near-term backdrop has turned more constructive as rate hike risks cool, but the upcoming U.S. July CPI remains the key watchpoint. If inflation proves stickier than expected, markets could reprice the interest-rate path and trigger renewed volatility; if inflation concerns stay contained and earnings and revenue revisions remain positive, Taiwan's rebound may extend further.