Taiwan Stocks Pull Back After Record High; NT Dollar Ends 6-Day Winning Streak
Renewed US-Iran tensions triggered market risk aversion, causing Taiwan stocks to retreat after hitting a record high. The NT dollar closed slightly lower at 31.428, ending a six-day winning streak.
📋 Article Processing Timeline
- 📰 Published: May 28, 2026 at 19:18
- 🔍 Collected: May 31, 2026 at 23:53 (76h 35m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:42 (24h 48m after Collected)
Central News Agency (Taipei, May 28) Renewed tensions between the US and Iran have triggered risk aversion in the market. Taiwan stocks, after hitting a record high, faced heavy selling pressure. The New Taiwan Dollar closed at 31.428 against the US dollar, a slight depreciation of 0.8 cents, ending a six-day winning streak. The total turnover in the Taipei and Yuanta foreign exchange markets was 2.502 billion USD. Following the news of the US-Iran conflict, Japanese and Korean stocks fell. Taiwan stocks hit a record high of 44,954 points in the morning before retreating, closing down 620.36 points at 43,636.44. Traders are now watching for the upcoming US PCE inflation data.
FAQ
How is the Taiwan stock market?
It corrected after hitting a record high due to geopolitical tensions.