Philippine Central Bank Governor: There are signs that confidence is recovering.

The Taiwan Weighted Index rose more than 1.7% to 33,661.72 points during the session, setting a new intraday record high.

Domestic News: 1. The European Commission accepts Volkswagen's price commitment for its China-made pure electric vehicles. 2. The National Development and Reform Commission (NDRC) releases implementation opinions on accelerating the promotion and application of artificial intelligence in the bidding and tendering field. 3. The People's Bank of China (PBOC) will continue to implement a moderately loose monetary policy, flexibly and efficiently utilizing various policy tools such as reserve requirement ratio (RRR) cuts and interest rate cuts to maintain ample liquidity and relatively loose social financing conditions; it will focus on promoting the implementation and effectiveness of financial policy measures such as re-lending for affordable housing to help build a new model for real estate development. International News: 1. US Treasury Secretary Bessenter: Whenever productivity booms, employment booms. 2. US retail sales in December rose 0% month-on-month, below the median forecast of 0.4% and the previous value of 0.60%. 3. TSMC's January revenue increased by 36.8% year-on-year to NT$401.26 billion, a record high. 4. ADP report: In the four weeks ending January 24, US private sector employment increased by an average of 6,500 per week. 5. White House trade advisor Navarro: We need to revise our expectations for monthly employment data. We do not expect weak employment data. 6. Alphabet plans to raise approximately £4.5 billion through a pound sterling bond issuance, while simultaneously raising over CHF 3 billion through a Swiss franc bond issuance. 7. US Vice President Vance: Negotiations on Greenland are in a very early stage and will take place in the coming months. 8. US Trade Representative Greer: Discussions on a deal on key minerals have begun. A final trade agreement with Indonesia is expected to be finalized in the coming weeks. 9. White House: India will purchase over $500 billion worth of US energy, information and communication technology, agriculture, coal, and other products.