Taiwan's stock market surged to a new all-time high, topping the 48,000 mark for the first time — good news for investors in chips and AI, and a sign that last week's tech selloff has faded.

• Wall Street rallied Monday, with the Nasdaq up over 2% and chip stocks up more than 4%, after signs that AI spending is still growing.
• Intel, Meta, and Qualcomm all jumped sharply, and AMD's market value crossed $1 trillion for the first time.
• Oil fell below $100 a barrel and US government bond yields dropped back under 5%, easing pressure on stocks worldwide.
• Optimism ahead of this week's Trump–Xi summit helped too, with Treasury Secretary Bessent calling weekend talks with China "very successful" and a possible six-month extension of the trade truce on the table.
• In Taiwan, TSMC, MediaTek, Delta, and Foxconn all rose, with MediaTek at a record high; foreign investors have been net buyers for four straight days.

Bitcoin also climbed more than 6% to a seven-month high, lifting Coinbase and Strategy shares.

Outlook: Analysts see a low chance of a sharp reversal around the Mid-Autumn holiday, since June's big correction already cleared out much of the selling pressure, but the Trump–Xi summit and Iran tensions remain the key risks this week.