NVIDIA's Good News Fuels Rally in Stocks and Currency; NTD Rises for 2nd Day, Returns to 31.5 Level
Buoyed by strong earnings from AI giant NVIDIA and optimistic remarks from US President Trump on US-Iran talks, market concerns over the Middle East situation eased. On May 21, capital flowed back into risk assets, sparking a rally in both Taiwan's stock and foreign exchange markets. The Taiex closed with a massive 1347.39-point gain, its fifth-largest closing point increase ever. The New Taiwan Dollar also appreciated by 4.8 cents against the USD, closing at 31.595.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 19:02
- 🔍 Collected: May 21, 2026 at 19:31 (29 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 19:44 (12 min after Collected)
(CNA, by Pan Tzu-yu, Taipei, 21st) Stellar earnings from NVIDIA eased investor concerns about the Middle East situation, prompting a return of capital to risk assets and fueling a rally in both stocks and the currency market. The Taiwan stock market recorded its fifth-largest closing point gain, and the New Taiwan Dollar (NTD) rebounded in sync against the US dollar, closing today at 31.595, an appreciation of 4.8 cents. This marked its second consecutive day of gains. Total turnover in the Taipei and Yuanta foreign exchange markets reached 2.1875 billion USD.
Conflict in the Middle East had led to persistently high international oil prices, causing major central banks to adopt a more hawkish stance, suggesting that interest rate hikes could not be ruled out amid resurgent inflation. As financial market uncertainty grew, the Taiwan stock market underwent a correction after a strong run since mid-May, with the NTD weakening alongside it, even breaking below 31.7 during yesterday's trading session.
Today, the market sentiment shifted significantly. US President Trump's statement that US-Iran negotiations are "in the final stages" caused a drop in international oil prices. Combined with the positive earnings report from AI giant NVIDIA, this triggered a return of hot money, leading to a counter-offensive in both stock and currency markets. The Taiex staged a retaliatory rebound, sparked by large-cap stocks and passive component stocks, with the index at one point soaring 1586.09 points, its third-largest intraday point gain. It ultimately closed at 41368.21, up 1347.39 points.
The NTD opened at 31.61 against the US dollar, with an intraday high of 31.561 and a low of 31.63. Compared to the powerful rally in the stock market, which posted its fifth-largest closing point gain, the NTD's appreciation was relatively moderate.
A foreign exchange trader explained that with foreign investors having been net sellers of Taiwan stocks for several consecutive days, the currency market still had to absorb substantial selling pressure from outflows. Although foreign investors turned to be net buyers of over NT$60 billion today, the inflows and outflows in the forex market limited the currency's ascent.
The trader noted that since the beginning of May, the NTD has first appreciated and then depreciated, but the exchange rate has remained within the 31.300 to 31.700 range, fluctuating mainly with news developments and foreign investor movements. In the short term, the focus will be on whether the Taiex continues to rise, attracting foreign capital inflows to support the NTD, as well as on developments in the Middle East conflict and inflation trends. (Editor: Chang Chun-mao) 1150521
Conflict in the Middle East had led to persistently high international oil prices, causing major central banks to adopt a more hawkish stance, suggesting that interest rate hikes could not be ruled out amid resurgent inflation. As financial market uncertainty grew, the Taiwan stock market underwent a correction after a strong run since mid-May, with the NTD weakening alongside it, even breaking below 31.7 during yesterday's trading session.
Today, the market sentiment shifted significantly. US President Trump's statement that US-Iran negotiations are "in the final stages" caused a drop in international oil prices. Combined with the positive earnings report from AI giant NVIDIA, this triggered a return of hot money, leading to a counter-offensive in both stock and currency markets. The Taiex staged a retaliatory rebound, sparked by large-cap stocks and passive component stocks, with the index at one point soaring 1586.09 points, its third-largest intraday point gain. It ultimately closed at 41368.21, up 1347.39 points.
The NTD opened at 31.61 against the US dollar, with an intraday high of 31.561 and a low of 31.63. Compared to the powerful rally in the stock market, which posted its fifth-largest closing point gain, the NTD's appreciation was relatively moderate.
A foreign exchange trader explained that with foreign investors having been net sellers of Taiwan stocks for several consecutive days, the currency market still had to absorb substantial selling pressure from outflows. Although foreign investors turned to be net buyers of over NT$60 billion today, the inflows and outflows in the forex market limited the currency's ascent.
The trader noted that since the beginning of May, the NTD has first appreciated and then depreciated, but the exchange rate has remained within the 31.300 to 31.700 range, fluctuating mainly with news developments and foreign investor movements. In the short term, the focus will be on whether the Taiex continues to rise, attracting foreign capital inflows to support the NTD, as well as on developments in the Middle East conflict and inflation trends. (Editor: Chang Chun-mao) 1150521
FAQ
造成5月21日台灣股匯雙漲的主要原因是什麼？
主要原因有二：一是AI巨頭輝達（NVIDIA）公布的財報表現亮麗；二是美國總統川普稱美伊談判進入「最後階段」，緩解了市場對中東局勢的憂慮，促使資金回流風險性資產。
新台幣當天的匯率表現如何？
新台幣兌美元升值4.8分，收盤價為31.595元，是連續第二個交易日升值。當日台北及元太外匯市場總成交金額為21.875億美元。
台股當天的表現如何？
台股上演報復性反彈，終場上漲1347.39點，收在41368.21點，創下收盤史上第五大漲點紀錄。
為什麼新台幣的漲幅沒有像台股那麼強勢？
根據外匯交易員的說法，雖然當天外資轉為買超台股逾600億元，但由於先前外資連續多日賣超台股，匯市仍需消化龐大的匯出量能，因此限縮了新台幣的升值幅度。
影響新台幣短期走勢的關鍵因素有哪些？
短期內需關注台股是否持續上漲以吸引外資匯入、中東戰事發展以及全球通膨數據變化，這些都是支撐或影響新台幣匯率的關鍵因素。