Taiwan Stock Market Soars to New High, Hot Money Inflow Drives NTD to Appreciate to NT$31.516
Despite stalled US-Iran negotiations, Taiwan's stock market hit a new record high, and a massive inflow of hot money caused the New Taiwan Dollar to appreciate significantly, closing at NT$31.516. TSMC's stock price reached new highs, leading the overall market. Foreign investors turned to net buyers, further boosting the NTD's appreciation.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 19:00
- 🔍 Collected: April 24, 2026 at 19:32 (31 min after Published)
- 🤖 AI Analyzed: April 24, 2026 at 21:02 (1h 30m after Collected)
Central News Agency
(Central News Agency reporter Pan Tzu-yu, Taipei 24th) Despite stalled US-Iran negotiations, market sentiment remained unaffected. Taiwan's stock market surged to a new record high, stimulating a massive appreciation of the New Taiwan Dollar, which closed at NT$31.516, appreciating by 5.9 cents. The total transaction volume in the Taipei and Yuanta foreign exchange markets expanded to US$2.9645 billion.
The Financial Supervisory Commission (FSC) relaxed the cap on domestic equity funds and actively managed ETFs investing in TSMC, pushing TSMC's stock price to new intraday and closing highs of NT$2190 and NT$2185 today. This led the Taiwan stock market to close at 38932.4 points, setting another new closing high. The index surged by 1218.25 points today, marking the 5th largest single-day point increase in Taiwan's stock market history.
The enthusiastic rise in Taiwan stocks attracted all three major institutional investors to the buying side, with foreign investors turning from sellers to net buyers, purchasing NT$43.908 billion.
Although the US dollar rose slightly, Asian currencies were relatively under pressure. However, the strong rally in Taiwan stocks and the large inflow of hot money stimulated the New Taiwan Dollar to appreciate simultaneously. The NTD opened at NT$31.55 against the US dollar today, reaching an intraday high of NT$31.466 and a low of NT$31.558, closing at NT$31.516, an appreciation of 5.9 cents.
Foreign exchange traders pointed out that foreign investors clearly favored inflows today, but turned to two-way operations during the trading session. Coupled with importers buying US dollars at dips, the appreciation once narrowed. Now, with active trading in Taiwan stocks, if the trend continues, it is expected to provide support for the New Taiwan Dollar.
The New Taiwan Dollar exchange rate also closed its weekly line today, accumulating an appreciation of 8 cents or 0.25% this week, marking three consecutive weeks of appreciation.
Foreign exchange traders analyzed that the negative impact of the Middle East conflict has dulled, and Taiwan stocks are boosted by AI themes. The rally has been fierce since April, driving hot money inflows and a simultaneous rise in the New Taiwan Dollar exchange rate, which has appreciated by over 4.6 cents cumulatively in April. The short-term trading range for the NTD should be between NT$31.400 and NT$31.700, but a breakthrough above NT$31.4 may require new catalysts.
The US Federal Reserve will hold its interest rate decision meeting next week. The market generally expects interest rates to remain unchanged, but investors are more concerned about the post-meeting statement and the Fed's views on the economic outlook and inflation, rather than the interest rate decision itself.
Wu Meng-dao, director of the Taiwan Institute of Economic Research, analyzed that the Fed is about to welcome a new chairman, and his monetary policy stance and position are attracting attention. However, the Fed is most concerned about economic data performance such as inflation and the job market. If US inflation continues to escalate, interest rate cuts this year may not be the baseline scenario, but this still depends on how the Middle East conflict develops, and one can only wait and see. (Editor: Yang Lan-hsuan) 1150424
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(Central News Agency reporter Pan Tzu-yu, Taipei 24th) Despite stalled US-Iran negotiations, market sentiment remained unaffected. Taiwan's stock market surged to a new record high, stimulating a massive appreciation of the New Taiwan Dollar, which closed at NT$31.516, appreciating by 5.9 cents. The total transaction volume in the Taipei and Yuanta foreign exchange markets expanded to US$2.9645 billion.
The Financial Supervisory Commission (FSC) relaxed the cap on domestic equity funds and actively managed ETFs investing in TSMC, pushing TSMC's stock price to new intraday and closing highs of NT$2190 and NT$2185 today. This led the Taiwan stock market to close at 38932.4 points, setting another new closing high. The index surged by 1218.25 points today, marking the 5th largest single-day point increase in Taiwan's stock market history.
The enthusiastic rise in Taiwan stocks attracted all three major institutional investors to the buying side, with foreign investors turning from sellers to net buyers, purchasing NT$43.908 billion.
Although the US dollar rose slightly, Asian currencies were relatively under pressure. However, the strong rally in Taiwan stocks and the large inflow of hot money stimulated the New Taiwan Dollar to appreciate simultaneously. The NTD opened at NT$31.55 against the US dollar today, reaching an intraday high of NT$31.466 and a low of NT$31.558, closing at NT$31.516, an appreciation of 5.9 cents.
Foreign exchange traders pointed out that foreign investors clearly favored inflows today, but turned to two-way operations during the trading session. Coupled with importers buying US dollars at dips, the appreciation once narrowed. Now, with active trading in Taiwan stocks, if the trend continues, it is expected to provide support for the New Taiwan Dollar.
The New Taiwan Dollar exchange rate also closed its weekly line today, accumulating an appreciation of 8 cents or 0.25% this week, marking three consecutive weeks of appreciation.
Foreign exchange traders analyzed that the negative impact of the Middle East conflict has dulled, and Taiwan stocks are boosted by AI themes. The rally has been fierce since April, driving hot money inflows and a simultaneous rise in the New Taiwan Dollar exchange rate, which has appreciated by over 4.6 cents cumulatively in April. The short-term trading range for the NTD should be between NT$31.400 and NT$31.700, but a breakthrough above NT$31.4 may require new catalysts.
The US Federal Reserve will hold its interest rate decision meeting next week. The market generally expects interest rates to remain unchanged, but investors are more concerned about the post-meeting statement and the Fed's views on the economic outlook and inflation, rather than the interest rate decision itself.
Wu Meng-dao, director of the Taiwan Institute of Economic Research, analyzed that the Fed is about to welcome a new chairman, and his monetary policy stance and position are attracting attention. However, the Fed is most concerned about economic data performance such as inflation and the job market. If US inflation continues to escalate, interest rate cuts this year may not be the baseline scenario, but this still depends on how the Middle East conflict develops, and one can only wait and see. (Editor: Yang Lan-hsuan) 1150424
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.