Stocks and foreign exchange correct simultaneously: New Taiwan Dollar depreciates for 2nd consecutive day, closes at 31.557 NTD
Taiwan's stock and foreign exchange markets both declined today due to lower US stocks and investor anticipation of the US Federal Reserve meeting results. The New Taiwan Dollar depreciated by 3.9 cents against the US Dollar, closing at 31.557 NTD, marking its second consecutive day of decline.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 19:11
- 🔍 Collected: April 29, 2026 at 19:31 (19 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 23:17 (3h 46m after Collected)
Central News Agency
(Taipei, April 29, Central News Agency reporter Pan Tzu-Yu) With US stocks closing lower and investors holding their breath for the results of the US Federal Reserve meeting, the stock and foreign exchange markets both fell today. The New Taiwan Dollar closed at 31.557 against the US Dollar, depreciating by 3.9 cents, marking its second consecutive day of decline. The total transaction amount in the Taipei and Yuanta foreign exchange markets was 2.4235 billion US dollars.
After a period of gains, US stocks took a breather, and Taiwan stocks followed suit today, falling from historical highs and retesting the 5-day moving average. The decline later narrowed, and the market briefly turned positive during intraday trading, eventually closing down 218.23 points at 39303.50 points.
Notably, foreign investors have withdrawn funds from Taiwan stocks for three consecutive days, cutting another NT$48.147 billion today, putting depreciation pressure on the New Taiwan Dollar exchange rate. The New Taiwan Dollar opened at 31.53 against the US Dollar today, then weakened throughout the day, reaching a high of 31.52 and a low of 31.593 during intraday trading.
Foreign exchange traders analyzed that Taiwan stocks failed to stabilize above the 40,000 mark, leading to profit-taking pressure. Coupled with the upcoming US Federal Reserve interest rate decision meeting, investors became more cautious. Foreign capital changed its stance from large inflows to continuous outflows, causing the New Taiwan Dollar to quickly depreciate back to the 31.5 NTD level.
Despite continuous selling of Taiwan stocks and capital outflow by foreign investors, foreign exchange traders believe that with the "Super Central Bank Week" this week, a wait-and-see attitude is inevitable. Moreover, Taiwan stocks were overextended, so a moderate correction is natural. Although the New Taiwan Dollar exchange rate depreciated, it has not deviated from the previous range of 31.400 to 31.700 NTD. For now, it is advisable to observe and not interpret it too negatively.
The central bank's statistics on major currency movements show that ahead of the Federal Reserve's decision, the US Dollar slightly rose by 0.02%. Most Asian currencies fell, with the Japanese Yen down 0.09%, the New Taiwan Dollar down 0.12%, the Korean Won down 0.31%, and the Renminbi slightly up by 0.08%. (Editor: Yang Lan-Hsuan) 1150429
(Taipei, April 29, Central News Agency reporter Pan Tzu-Yu) With US stocks closing lower and investors holding their breath for the results of the US Federal Reserve meeting, the stock and foreign exchange markets both fell today. The New Taiwan Dollar closed at 31.557 against the US Dollar, depreciating by 3.9 cents, marking its second consecutive day of decline. The total transaction amount in the Taipei and Yuanta foreign exchange markets was 2.4235 billion US dollars.
After a period of gains, US stocks took a breather, and Taiwan stocks followed suit today, falling from historical highs and retesting the 5-day moving average. The decline later narrowed, and the market briefly turned positive during intraday trading, eventually closing down 218.23 points at 39303.50 points.
Notably, foreign investors have withdrawn funds from Taiwan stocks for three consecutive days, cutting another NT$48.147 billion today, putting depreciation pressure on the New Taiwan Dollar exchange rate. The New Taiwan Dollar opened at 31.53 against the US Dollar today, then weakened throughout the day, reaching a high of 31.52 and a low of 31.593 during intraday trading.
Foreign exchange traders analyzed that Taiwan stocks failed to stabilize above the 40,000 mark, leading to profit-taking pressure. Coupled with the upcoming US Federal Reserve interest rate decision meeting, investors became more cautious. Foreign capital changed its stance from large inflows to continuous outflows, causing the New Taiwan Dollar to quickly depreciate back to the 31.5 NTD level.
Despite continuous selling of Taiwan stocks and capital outflow by foreign investors, foreign exchange traders believe that with the "Super Central Bank Week" this week, a wait-and-see attitude is inevitable. Moreover, Taiwan stocks were overextended, so a moderate correction is natural. Although the New Taiwan Dollar exchange rate depreciated, it has not deviated from the previous range of 31.400 to 31.700 NTD. For now, it is advisable to observe and not interpret it too negatively.
The central bank's statistics on major currency movements show that ahead of the Federal Reserve's decision, the US Dollar slightly rose by 0.02%. Most Asian currencies fell, with the Japanese Yen down 0.09%, the New Taiwan Dollar down 0.12%, the Korean Won down 0.31%, and the Renminbi slightly up by 0.08%. (Editor: Yang Lan-Hsuan) 1150429