Tech stocks support the rebound of the US stock market, Taiwan Semiconductor's earnings report is expected to be positive, chip stocks rise more than 3%, NVIDIA and AMD hit new all-time highs together.

The Nasdaq rose more than 1%, erasing its New Year's decline, and the Nasdaq 100 hit a new all-time high. Chip stocks outperformed the market, with TSMC up nearly 10%, AMD briefly up more than 5%, and Nvidia up nearly 2%; Apple rose more than 3%, leading the way for blue-chip tech stocks, while Microsoft hit a new all-time high and Tesla fell nearly 2%. Chinese concept stocks initially rose more than 1% but then turned lower, marking a fourth consecutive decline, with XPeng Motors falling more than 2%. After the release of US jobless data, the 10-year US Treasury yield hit a one-month high, while the 2-year yield initially rose and then fell back; the US dollar index turned higher, approaching a one-month high before giving up its gains. Bitcoin fell more than $2,000, dropping below $41,000. Offshore renminbi initially rose more than 100 points to reclaim 7.21, but then fell in the short term. US crude oil inventories fell more than expected, pushing oil prices to a three-week high and erasing their year-to-date decline, with US oil up more than 2%. Gold ended its two-day decline and rebounded from a five-week low. The LME copper index rose for a seventh consecutive day, lifting copper prices from a two-month low.