The Taiwan stock market is expected to add to its winnings on Tuesday after rallying nearly 3,450 points, or 8 percent, over the past two sessions to close at 43,386.41. The global forecast is upbeat, driven by sinking crude oil prices and renewed optimism for an end to the Middle East conflict, with West Texas Intermediate crude for September delivery falling $4.77, or 5.63 percent, to $79.90 per barrel. On Monday, the TSE rose 266.66 points, or 0.62 percent, supported by technology and plastics stocks, while U.S. markets surged, with the Dow jumping 693.38 points, the NASDAQ soaring 540.04 points, and the S&P 500 climbing 110.78 points. The rally on Wall Street was fueled by the oil price drop after President Donald Trump called off a planned attack on Iran and claimed talks would begin, though Tehran denied plans for direct negotiations. Additionally, the Institute for Supply Management reported that U.S. manufacturing activity increased more than expected in July.