Stocks and FX Fall Together; Taiwan Dollar Closes at NT$31.46, Down 2 Fen
On June 4, 2025, amid renewed US-Iran conflict, rising oil prices, and a US stock market pullback, Taiwan's stock market plunged 781.70 points, and the Taiwan dollar weakened against the US dollar, closing at NT$31.46, down 2 fen. Total forex market turnover reached US$2.712 billion.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 19:30
- 🔍 Collected: June 4, 2026 at 19:36 (6 min after Published)
- 🤖 AI Analyzed: June 6, 2026 at 15:35 (43h 58m after Collected)
(Central News Agency reporter Zhao Minya, Taipei, June 4) Renewed conflict between the United States and Iran pushed international oil prices higher and caused US stocks to retreat from record highs. Taiwan's stock market fell 781.70 points today, putting pressure on the Taiwan dollar. Although it briefly turned positive in the morning session, the depreciation accelerated in the afternoon, hitting a low of NT$31.502 before closing at NT$31.46, down 2 fen. Total turnover in the Taipei and Yuanta foreign exchange markets reached US$2.712 billion.
The renewed attacks between the US and Iran dashed market expectations for a near-term peace agreement. US stocks fell from historic highs under profit-taking pressure, international oil prices rose, the US dollar index strengthened, and non-US currencies generally weakened.
After hitting record highs for four consecutive trading days, Taiwan's stock market opened lower today. The TAIEX closed down 781.70 points at 45,677.46, its lowest point of the day. The three major institutional investors recorded a net sell of NT$93.157 billion, with foreign investors alone selling a net NT$75.685 billion, ending a four-day buying streak.
The Taiwan dollar opened at NT$31.46 against the US dollar. As the stock market fell, depreciation pressure emerged. It briefly turned positive in the morning, reaching a high of NT$31.434, but quickly reversed to a decline, testing the NT$31.5 level in the afternoon.
A forex trader noted that foreign investors were buying and selling in the forex market in the morning, briefly pushing the Taiwan dollar into positive territory. However, the outflow of funds intensified in the afternoon, adding to the Taiwan dollar's depreciation. When the Taiwan dollar broke through the NT$31.5 level, it attracted strong selling by exporters, which narrowed the decline towards the close. Most major Asian currencies fell today, and the central bank only provided liquidity, allowing the Taiwan dollar to reflect market movements.
The forex trader added that besides foreign investor flows, the attitude of exporters is also a key focus. "Taiwan's export performance is good, and as we approach the end of the second quarter, exporters have strong demand to sell dollars, which provides support for the Taiwan dollar."
According to central bank statistics, the US dollar index rose 0.15%, and most major Asian currencies fell. The South Korean won slumped 1.26%, the Singapore dollar fell 0.23%, the Japanese yen dropped 0.13%, and both the Taiwan dollar and the Chinese yuan depreciated by 0.06%. (Editor: Yang Kaixiang) 1150604
The renewed attacks between the US and Iran dashed market expectations for a near-term peace agreement. US stocks fell from historic highs under profit-taking pressure, international oil prices rose, the US dollar index strengthened, and non-US currencies generally weakened.
After hitting record highs for four consecutive trading days, Taiwan's stock market opened lower today. The TAIEX closed down 781.70 points at 45,677.46, its lowest point of the day. The three major institutional investors recorded a net sell of NT$93.157 billion, with foreign investors alone selling a net NT$75.685 billion, ending a four-day buying streak.
The Taiwan dollar opened at NT$31.46 against the US dollar. As the stock market fell, depreciation pressure emerged. It briefly turned positive in the morning, reaching a high of NT$31.434, but quickly reversed to a decline, testing the NT$31.5 level in the afternoon.
A forex trader noted that foreign investors were buying and selling in the forex market in the morning, briefly pushing the Taiwan dollar into positive territory. However, the outflow of funds intensified in the afternoon, adding to the Taiwan dollar's depreciation. When the Taiwan dollar broke through the NT$31.5 level, it attracted strong selling by exporters, which narrowed the decline towards the close. Most major Asian currencies fell today, and the central bank only provided liquidity, allowing the Taiwan dollar to reflect market movements.
The forex trader added that besides foreign investor flows, the attitude of exporters is also a key focus. "Taiwan's export performance is good, and as we approach the end of the second quarter, exporters have strong demand to sell dollars, which provides support for the Taiwan dollar."
According to central bank statistics, the US dollar index rose 0.15%, and most major Asian currencies fell. The South Korean won slumped 1.26%, the Singapore dollar fell 0.23%, the Japanese yen dropped 0.13%, and both the Taiwan dollar and the Chinese yuan depreciated by 0.06%. (Editor: Yang Kaixiang) 1150604