Trump Announces Completion of Iran Agreement; TAIEX Eyes 45,000 Points

According to a report by Central News Agency (CNA) journalist Chang Chien-chung from Taipei on the 15th, major U.S. stock indices rose across the board on the 12th. The Philadelphia Semiconductor Index, which is highly correlated with Taiwan's stock market, gained 200.031 points, or 1.52%. Financial institutions stated that the overnight futures of the Taiwan Weighted Index rose by 487 points, and combined with U.S. President Trump's announcement of completing a peace agreement with Iran, the positive momentum is expected to support Taiwan's stock market today as it prepares to challenge the 45,000-point level.

Oil prices dropped on expectations of a peace deal between the U.S. and Iran, while SpaceX's public listing marked the largest initial public offering (IPO) in history, contributing to the rise in U.S. stocks on the 12th. The Dow Jones Industrial Average rose 353.51 points, or 0.7%; the S&P 500 gained 37.16 points, or 0.5%; the Nasdaq Composite increased by 79.18 points, or 0.31%; and the Philadelphia Semiconductor Index climbed 200.031 points, or 1.52%.

On the global industry front, U.S. President Trump declared that the peace agreement with Iran is "now complete," announcing the reopening of the Strait of Hormuz and the lifting of the U.S. naval blockade.

This week marks the "Global Super Central Bank Week," as the United Kingdom, the United States, and Japan are all set to announce their monetary policy decisions. Market expectations suggest that interest rates in the U.S. and the U.K. will remain unchanged, while Japan may raise its rate by 25 basis points (one quarter-point).

Fubon Financial recently announced on behalf of Fubon Life Insurance that it participated in the initial public offering (IPO) of common stock of Space Exploration Technologies Corp. (SpaceX), acquiring 50,000 shares at $135 per share, for a total transaction value of $6.75 million, excluding commissions and related taxes. (Edited by Lin Chia-hsien) 1150615