Kevin Warsh & TSMC

Kevin Warsh: Kevin Warsh, the new Chair of the United States — Federal Reserve, is known for his hawkish stance on interest rates and has emphasized the threat of elevated inflation, which is a direct consequence of the Iran war.

TSMC: TSMC's shares shot up, leading the surge in Taiwan's Taiex.

Kevin Warsh: Kevin Warsh, the new United States — Federal Reserve chair, is expected to keep interest rates steady initially, but the market anticipates potential rate hikes later in the year.

TSMC: TSMC, a major chipmaker in Taiwan, was affected by the broader AI stock sell-off, though Taiwan's market showed some resilience.