Taiwan Stocks Rise to Prop Up Exchange Rate, New Taiwan Dollar Slightly Up by 1.4 Cents to Close at NT$31.415
Despite the ongoing stalemate in US-Iran relations, the upward momentum of the Taiwan stock market supported the New Taiwan Dollar's exchange rate, which closed today at NT$31.415, a slight appreciation of 1.4 cents. The Taiwan stock market showed robust performance driven by the AI and semiconductor sectors.
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- 📰 Published: May 11, 2026 at 19:22
- 🔍 Collected: May 11, 2026 at 19:32 (9 min after Published)
- 🤖 AI Analyzed: May 11, 2026 at 20:37 (1h 5m after Collected)
Central News Agency
(Central News Agency reporter Pan Tzu-yu, Taipei, 11th) Despite the continued stalemate in US-Iran relations, with the US dollar index returning above 98, the upward momentum of the Taiwan stock market continued, providing support for the New Taiwan Dollar. Today, it once again broke through the NT$31.3 mark during trading and closed at NT$31.415, up by 1.4 cents. The total transaction volume in the Taipei and Yuanta foreign exchange markets was US$2.2875 billion.
With US-Iran negotiations hitting a snag, international oil prices began to rise again, and risk aversion sentiment increased, supporting the rebound of the US dollar index, while Asian currencies showed mixed movements.
Despite the divergence in Asian currency trends, the recent New Taiwan Dollar exchange rate is highly correlated with the Taiwan stock market and foreign capital movements. Furthermore, robust US economic data, coupled with the continued strength of the AI and semiconductor sectors, all contributed to the sustained bullish momentum of the Taiwan stock market. The Taiwan stock market opened higher today, fluctuated, and then rose, once reaching 42021.78 points, before its gains narrowed to close up 186.12 points at 41790.06 points.
The New Taiwan Dollar opened at NT$31.41 against the US dollar today. Following the rise in Taiwan stocks, the exchange rate steadily strengthened, touching a high of NT$31.35 during trading. However, foreign investors engaged in two-way operations, coupled with importers buying US dollars at dips, curbed the appreciation, preventing the closing price from staying above NT$31.3.
Foreign exchange traders stated that while US-Iran talks have stalled, the market generally believes this is merely part of the negotiation process between the two sides and does not signal a further escalation of conflict. Therefore, the financial market's reaction has been limited, and stock and foreign exchange markets are still primarily driven by liquidity. However, after the Taiwan stock market broke above 42000 points, selling pressure intensified, and with the upcoming Trump-Xi meeting, investors are turning to a wait-and-see approach. It is estimated that the New Taiwan Dollar will shift to a biased upward consolidation in the short term, awaiting clearer news.
The central bank's statistics showed mixed performances for major Asian currencies today. The Renminbi appreciated by 0.08% driven by the Trump-Xi meeting theme, the New Taiwan Dollar slightly appreciated by 0.04%, while the Japanese Yen depreciated by 0.18% and the Korean Won fell by 0.28%. (Edited by Chang Chun-mao) 1150511
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(Central News Agency reporter Pan Tzu-yu, Taipei, 11th) Despite the continued stalemate in US-Iran relations, with the US dollar index returning above 98, the upward momentum of the Taiwan stock market continued, providing support for the New Taiwan Dollar. Today, it once again broke through the NT$31.3 mark during trading and closed at NT$31.415, up by 1.4 cents. The total transaction volume in the Taipei and Yuanta foreign exchange markets was US$2.2875 billion.
With US-Iran negotiations hitting a snag, international oil prices began to rise again, and risk aversion sentiment increased, supporting the rebound of the US dollar index, while Asian currencies showed mixed movements.
Despite the divergence in Asian currency trends, the recent New Taiwan Dollar exchange rate is highly correlated with the Taiwan stock market and foreign capital movements. Furthermore, robust US economic data, coupled with the continued strength of the AI and semiconductor sectors, all contributed to the sustained bullish momentum of the Taiwan stock market. The Taiwan stock market opened higher today, fluctuated, and then rose, once reaching 42021.78 points, before its gains narrowed to close up 186.12 points at 41790.06 points.
The New Taiwan Dollar opened at NT$31.41 against the US dollar today. Following the rise in Taiwan stocks, the exchange rate steadily strengthened, touching a high of NT$31.35 during trading. However, foreign investors engaged in two-way operations, coupled with importers buying US dollars at dips, curbed the appreciation, preventing the closing price from staying above NT$31.3.
Foreign exchange traders stated that while US-Iran talks have stalled, the market generally believes this is merely part of the negotiation process between the two sides and does not signal a further escalation of conflict. Therefore, the financial market's reaction has been limited, and stock and foreign exchange markets are still primarily driven by liquidity. However, after the Taiwan stock market broke above 42000 points, selling pressure intensified, and with the upcoming Trump-Xi meeting, investors are turning to a wait-and-see approach. It is estimated that the New Taiwan Dollar will shift to a biased upward consolidation in the short term, awaiting clearer news.
The central bank's statistics showed mixed performances for major Asian currencies today. The Renminbi appreciated by 0.08% driven by the Trump-Xi meeting theme, the New Taiwan Dollar slightly appreciated by 0.04%, while the Japanese Yen depreciated by 0.18% and the Korean Won fell by 0.28%. (Edited by Chang Chun-mao) 1150511
Choose to stand with facts; every sponsorship you provide is a force for safeguarding 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.