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Asian technology and semiconductor stocks surged on Wednesday after the U.S. and Iran agreed to a conditional two-week ceasefire that includes a temporary reopening of the Strait of Hormuz.
The news sent major indexes in Asian markets soaring, with chipmakers — which are highly sensitive to global trade flows and energy costs — leading the rally.
Taiwan Semiconductor Manufacturing Company
, the world’s largest contract chip manufacturer, was up 4.84%. China’s leading contract chip manufacturer, Semiconductor Manufacturing International
