{"id":61299,"date":"2026-04-26T21:38:15","date_gmt":"2026-04-27T01:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/taiwan-stocks-hit-record-40000-as-oil-surges-on-iran-strait-proposal\/61299\/"},"modified":"2026-04-26T21:38:15","modified_gmt":"2026-04-27T01:38:15","slug":"taiwan-stocks-hit-record-40000-as-oil-surges-on-iran-strait-proposal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/taiwan-stocks-hit-record-40000-as-oil-surges-on-iran-strait-proposal\/61299\/","title":{"rendered":"Taiwan Stocks Hit Record 40,000 as Oil Surges on Iran Strait Proposal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Taiwan\u2019s benchmark index surged 3.2% to a historic record of 40,185.03 points<\/strong>, driven by a massive rally in the semiconductor sector.<\/li>\n<li><strong>Crude oil prices climbed above $107 per barrel<\/strong> as Iran offered a deal to reopen the Strait of Hormuz while demanding a postponement of nuclear negotiations.<\/li>\n<li><strong>The People\u2019s Bank of China (PBOC) fixed the yuan at 6.8579<\/strong>, marking its strongest level since March 2023 to combat regional volatility.<\/li>\n<li><strong>Japanese Government Bond (JGB) yields rose across the curve<\/strong> as the Bank of Japan (BOJ) kicked off a two-day meeting following a 6.2 magnitude earthquake in Hokkaido.<\/li>\n<\/ul>\n<h2>Taiwan Markets Reach Historic Milestone<\/h2>\n<p>Taiwan\u2019s equity market reached an unprecedented peak on Monday, with the benchmark index surging <strong>3.2%<\/strong> to close at <strong>40,185.03 points<\/strong>. The rally was supported by a broader tech surge in Asia, highlighted by a <strong>5.4%<\/strong> gain in South Korean chipmaker SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>).<\/p>\n<p><em>Investor sentiment remains buoyed by high demand for advanced semiconductors<\/em>, even as regional geopolitical tensions persist. The overnight interbank rate in Taiwan remained stable, opening at <strong>0.805%<\/strong>, matching the previous session.<\/p>\n<h2>Iran Proposes Strait Reopening Amid Blockade<\/h2>\n<p>Tensions in the Middle East took a complex turn as Iran reportedly offered a revised plan to the U.S. to reopen the <strong>Strait of Hormuz<\/strong>. According to <em>Axios<\/em>, the proposal prioritizes ending the current naval blockade before addressing nuclear negotiations, though divisions within Iranian leadership remain high.<\/p>\n<p><strong>Crude oil prices climbed above $107 a barrel<\/strong> as the market reacted to the continued closure of the Strait and the U.S. naval blockade. U.S. forces have reportedly turned around <strong>38 ships<\/strong> attempting to enter or exit Iranian ports, though tracking data suggests some crude continues to leak through.<\/p>\n<h2>Japan Braces for BOJ Meeting and Earthquake Recovery<\/h2>\n<p>The <strong>Bank of Japan<\/strong> began its two-day policy meeting today against a backdrop of rising yields and natural disaster recovery. The yield on the <strong>20-year JGB rose 2.5 basis points to 3.320%<\/strong>, while the <strong>30-year yield increased to 3.675%<\/strong>.<\/p>\n<p>Japan\u2019s Prime Minister <strong>Sanae Takaichi<\/strong> stated the government is monitoring the Middle East\u2019s impact on the domestic economy. While a <strong>6.2 magnitude earthquake<\/strong> struck Hokkaido earlier today, the PM assured the public that oil supplies are secured through next year.<\/p>\n<h2>China Strengthens Yuan Amid Commodity Gains<\/h2>\n<p>The <strong>People\u2019s Bank of China<\/strong> signaled a preference for currency strength by fixing the yuan at <strong>6.8579<\/strong>, the strongest level since March 2023. This move comes as industrial commodities see renewed interest, with the most-traded <strong>nickel futures contract in Shanghai gaining more than 3%<\/strong>.<\/p>\n<p>In other regional developments, North Korean leader <strong>Kim Jong Un<\/strong> reaffirmed his continued support for Russia\u2019s policies. Meanwhile, in Hong Kong, the <strong>English Schools Foundation (ESF)<\/strong> reported reserves reaching <strong>HK$3.75 billion<\/strong>, despite a reduction in government subsidies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Taiwan\u2019s benchmark index surged 3.2% to a historic record of 40,185.03 points, driven by a massive rally in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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