Taiwan stock market expected to open higher, global markets positive

The Taiwan stock market has been on the rise, gaining over 450 points in three sessions. Global markets are positive following strong U.S. employment data. The TSE closed higher on Thursday, led by the plastics and cement sectors. The Dow, NASDAQ, and S&P 500 all finished in the green on Wall Street. U.S. employment increased more than expected in June, impacting chances of a Fed rate cut. Crude oil prices fell due to excess U.S. inventories and OPEC+ meeting concerns, settling at $67 per barrel.

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