Trump's Final Ultimatum Countdown; Market Waits, New Taiwan Dollar Slightly Rises to Close at 31.967

During the Qingming holiday, international stock markets mostly closed higher as the market anticipated an end to the Middle East conflict. However, as the US and Iran have not yet reached a consensus, investors have turned to a wait-and-see approach. The Taiwan stock market rebounded today, gaining 657.39 points to close at 33229.82.

Although the Taiwan stock market advanced and foreign investors showed net buying, the strengthening US dollar put pressure on the New Taiwan Dollar, causing it to hover around the 32.00 mark. It opened at 31.92, reaching a high of 31.915 and a low of 31.999.

US President Trump recently stated that he has set a deadline of 8 p.m. on the 7th (8 a.m. on the 8th, Taipei time) for Iran to reopen the Strait of Hormuz. Before this, he could not determine whether the war with Iran was about to end or escalate.

Foreign exchange traders frankly stated that as Trump's "ultimatum" deadline approaches, the market is cautiously observing. Today, the foreign exchange market presented a consolidation pattern. The market is waiting for further developments in the situation, to see if there will be new shocks or a continuation of the stalemate.

Central Bank Governor of the Foreign Exchange Department, Cai Jiong-min, stated today that due to the impact of the conflict, the outflow and inflow of foreign capital since March have caused drastic stock market fluctuations, and the foreign exchange market once experienced a supply-demand imbalance. The Central Bank intervened in March to stabilize the foreign exchange market, and will continue to monitor market changes. (Editor: Yang Lanxuan) 1150407