US Stocks Close Higher Amid Middle East Turbulence; Analysts Say Taiwan Stocks in Consolidation Phase
Despite Trump's warnings to Iran, US stocks closed higher. Conversely, Taiwan stocks fell. Analysts suggest Taiwan stocks are consolidating and high oil prices will continue to pressure the market.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 09:31
- 🔍 Collected: April 7, 2026 at 10:00 (29 min after Published)
- 🤖 AI Analyzed: April 18, 2026 at 19:53 (273h 53m after Collected)
US President Donald Trump earlier demanded that authorities in Tehran reopen the Strait of Hormuz, otherwise civilian infrastructure in Iran would be struck. However, investors downplayed concerns about the war escalating, and US stocks closed higher today.
The Dow Jones Industrial Average rose 165.21 points, or 0.36%, to close at 46,669.88. The S&P 500 Index gained 29.14 points, or 0.44%, closing at 6,611.83. The Nasdaq climbed 117.16 points, or 0.54%, to end at 21,996.34, and the Philadelphia Semiconductor Index increased by 82.72 points, or 1.06%, to close at 7,916.10.
Taiwan stocks fell 602.39 points on the 2nd, closing at 32,572.43 points, with a trading volume of NT$672.907 billion. Foreign and mainland investors in the three major institutional groups net sold, investment trusts net bought, and proprietary traders net sold, combining for a net sell of NT$37.357 billion.
Cai Ming-han, an analyst at Cathay Futures Consultant, said in a telephone interview that US stocks do not trade every day during Taiwan's consecutive holidays, so there is no need to worry about delayed reactions post-holiday. The key at this stage is still the Middle East war. Although President Trump's attitude changes daily, as long as there is no major new negative news, US stocks remain stable. However, compared to US stocks, Taiwan stocks are at a relatively high level.
Cai Ming-han believes that theoretically, Trump should avoid prolonging the Iranian war, and the worst-case scenario is roughly what we see now. However, at this stage, oil prices remain high, putting pressure on the stock market. (Edited by: Zhang Jun-mao) 1150407
The Dow Jones Industrial Average rose 165.21 points, or 0.36%, to close at 46,669.88. The S&P 500 Index gained 29.14 points, or 0.44%, closing at 6,611.83. The Nasdaq climbed 117.16 points, or 0.54%, to end at 21,996.34, and the Philadelphia Semiconductor Index increased by 82.72 points, or 1.06%, to close at 7,916.10.
Taiwan stocks fell 602.39 points on the 2nd, closing at 32,572.43 points, with a trading volume of NT$672.907 billion. Foreign and mainland investors in the three major institutional groups net sold, investment trusts net bought, and proprietary traders net sold, combining for a net sell of NT$37.357 billion.
Cai Ming-han, an analyst at Cathay Futures Consultant, said in a telephone interview that US stocks do not trade every day during Taiwan's consecutive holidays, so there is no need to worry about delayed reactions post-holiday. The key at this stage is still the Middle East war. Although President Trump's attitude changes daily, as long as there is no major new negative news, US stocks remain stable. However, compared to US stocks, Taiwan stocks are at a relatively high level.
Cai Ming-han believes that theoretically, Trump should avoid prolonging the Iranian war, and the worst-case scenario is roughly what we see now. However, at this stage, oil prices remain high, putting pressure on the stock market. (Edited by: Zhang Jun-mao) 1150407