Taiwan Stocks Plunge After Hitting Record High on Massive Volume; NTD Depreciates for 2nd Day to 31.575
Taiwan's stock market hit a record high near 39,000 points before plunging, setting a massive trading volume record of 1.4 trillion NTD. Meanwhile, the New Taiwan Dollar remained relatively stable, closing slightly lower at 31.575.
📋 Article Processing Timeline
- 📰 Published: April 23, 2026 at 19:53
- 🔍 Collected: April 23, 2026 at 20:01 (8 min after Published)
- 🤖 AI Analyzed: April 23, 2026 at 20:13 (11 min after Collected)
(Central News Agency reporter Pan Zi-yu, Taipei 23rd) After fiercely surging to a record high today, Taiwan stocks plummeted sharply, with trading volume exploding to a massive trillion-dollar level. Compared to the violent fluctuations in the Taiwan stock market, the New Taiwan Dollar (NTD) exchange rate against the US dollar remained relatively stable, closing at 31.575 NTD, with only a slight depreciation of 3.5 cents. The exchange rate fell for the second consecutive day, while the total trading volume in the Taipei and Cosmos foreign exchange markets significantly expanded to 2.6985 billion US dollars.
In early trading today, Taiwan stocks showed tremendous momentum, surging to 38,921.95 points, approaching the 39,000-point threshold and setting a new historical high. Subsequently, selling pressure emerged, staging a massive dive, hitting a low of 37,164.44 points. The gap between the high and low was 1,757.51 points. The market ultimately closed at 37,714.15 points, down 164.32 points, with a trading volume of 1.4014 trillion NTD, creating a new astronomical volume record.
While Taiwan stocks experienced severe volatility, the NTD exchange rate was relatively calm. After opening at 31.53 NTD today, the rate rose to an intraday high of 31.49 NTD, driven by the record high of Taiwan stocks. However, as Taiwan stocks played the "Free Fall" ride—turning black (negative) after hitting a high—the exchange rate followed suit and depreciated, hitting an intraday low of 31.58 NTD.
Foreign exchange dealers stated that the volatility in the NTD forex market was not as intense as in the stock market, mainly because foreign capital was actively entering and exiting in large volumes. "The forex market is almost a PK (player kill) battle entirely among foreign investors themselves," especially around the 31.550 level, where foreign investors were continuously buying and selling in a stalemate. Consequently, the exchange rate stabilized around the 31.5 level.
Forex dealers bluntly stated that Taiwan stocks surged fiercely in April, and the NTD also mostly appreciated during the month. Now that selling pressure at highs has emerged in the stock market, it is reasonable for both stocks and currencies to undergo a synchronized correction.
Since April, the NTD has cumulatively appreciated by over 40 cents. Forex dealers believe that in the short term, the NTD is estimated to consolidate between 31.400 and 31.700, awaiting developments in the news to provide the market with new guidance. For now, attention can first be focused on the signals released after the US Federal Reserve's interest rate decision meeting next week. In addition, if the selling pressure on Taiwan stocks remains heavy, it could drag the NTD into weaker fluctuations. (Editor: Yang Lan-xuan) 1150423
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In early trading today, Taiwan stocks showed tremendous momentum, surging to 38,921.95 points, approaching the 39,000-point threshold and setting a new historical high. Subsequently, selling pressure emerged, staging a massive dive, hitting a low of 37,164.44 points. The gap between the high and low was 1,757.51 points. The market ultimately closed at 37,714.15 points, down 164.32 points, with a trading volume of 1.4014 trillion NTD, creating a new astronomical volume record.
While Taiwan stocks experienced severe volatility, the NTD exchange rate was relatively calm. After opening at 31.53 NTD today, the rate rose to an intraday high of 31.49 NTD, driven by the record high of Taiwan stocks. However, as Taiwan stocks played the "Free Fall" ride—turning black (negative) after hitting a high—the exchange rate followed suit and depreciated, hitting an intraday low of 31.58 NTD.
Foreign exchange dealers stated that the volatility in the NTD forex market was not as intense as in the stock market, mainly because foreign capital was actively entering and exiting in large volumes. "The forex market is almost a PK (player kill) battle entirely among foreign investors themselves," especially around the 31.550 level, where foreign investors were continuously buying and selling in a stalemate. Consequently, the exchange rate stabilized around the 31.5 level.
Forex dealers bluntly stated that Taiwan stocks surged fiercely in April, and the NTD also mostly appreciated during the month. Now that selling pressure at highs has emerged in the stock market, it is reasonable for both stocks and currencies to undergo a synchronized correction.
Since April, the NTD has cumulatively appreciated by over 40 cents. Forex dealers believe that in the short term, the NTD is estimated to consolidate between 31.400 and 31.700, awaiting developments in the news to provide the market with new guidance. For now, attention can first be focused on the signals released after the US Federal Reserve's interest rate decision meeting next week. In addition, if the selling pressure on Taiwan stocks remains heavy, it could drag the NTD into weaker fluctuations. (Editor: Yang Lan-xuan) 1150423
Choose to stand with the facts, every sponsorship from you is the power to protect press freedom.
Download the CNA "First Hand News" APP to grasp the latest news instantly.
The text, images, and audio-visuals on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.