US-Iran Ceasefire for Two Weeks, Stock and Forex Markets Celebrate as NTD Surges Over 1.4 Jiao

The US and Iran have agreed to a two-week ceasefire, with Tehran temporarily reopening the Strait of Hormuz for navigation, which has inspired a surge in Asian stock markets this morning. The Taiwan Stock Exchange (TAIEX) at one point broke through 12000 points.

As risk aversion sentiment fades, the US dollar index has fallen accordingly. Coupled with the strong rebound in the Taiwan stock market, the New Taiwan Dollar opened at 31.89 against the US dollar and then immediately embarked on a sharp upward trend, reaching 31.822, a strong gain of over 1.4 jiao.

Forex officials analyzed that the US-Iran conflict has been the biggest shadow looming over financial markets. While negative news has slightly dulled recently, risk aversion sentiment has been difficult to eliminate. Now that positive progress is reported, it boosts investor morale. However, the Middle East conflict is volatile, and it is still necessary to closely monitor developments. (Editor: Zhang Junmao) 1150408