TAIEX Hits Record High; NT Dollar Appreciates for 6th Consecutive Day
Driven by optimism over US-Iran talks, the TAIEX reached a new record high. The NT dollar also appreciated for the sixth consecutive day, closing at 31.42 against the USD.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 18:28
- 🔍 Collected: May 31, 2026 at 23:45 (101h 17m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:57 (25h 11m after Collected)
According to CNA, the Taiwan stock market surged on the 27th due to market optimism regarding progress in US-Iran talks, with both intraday and closing indices hitting record highs. Consequently, the NT dollar also rose due to capital inflows, marking its sixth consecutive day of appreciation against the US dollar. It closed at 31.42, the highest level in over half a month. The total turnover in the Taipei and Yuanta foreign exchange markets reached 2.734 billion USD. Forex traders noted that the NT dollar is expected to show a "gradual appreciation" in the short term, with the central bank continuing to intervene to prevent excessive volatility.
FAQ
What is the outlook for the NTD?
It is expected to show a gradual appreciation.