US-Iran Peace Deal Hopes Boost Markets; TWD Rises Over 1.6 Cents

Markets are optimistic that Washington and Tehran will reach an agreement to end the conflict in the Middle East, leading to a rally in both stocks and currency. The Taiwan stock market broke through the 43,000-point mark to hit a new high, and the New Taiwan Dollar (TWD) surged by more than 1.6 cents against the US dollar, stabilizing at the 31.4 level. US President Donald Trump stated that a memorandum of understanding to end the conflict between the US and Iran has been 'largely agreed upon.' Although Iran has denied some details, the market remains positive, believing that the end of the US-Iran war is imminent. As geopolitical risks cool, international oil prices have fallen. Meanwhile, the visit of NVIDIA CEO Jensen Huang to Taiwan has sparked an AI frenzy, strengthening the momentum of the Taiwan stock market. This morning, the market surged by over 1,200 points, reaching a peak of 43,564, continuing to set historical records. The TWD followed the trend, opening at 31.52 and rising sharply to a high of 31.403 during the morning session.