The Bank of Japan took action, and the yen rose sharply, triggering a wave of capital transfers. Asian stocks generally fell sharply. Taiwan stocks fell sharply following noon today, and fell 263.29 points to close at 14170.03 points, falling behind 14200 points; TSMC fell by nearly 2%.
The Bank of Japan, the central bank of Japan, decided today to revise the policy of large-scale monetary easing policy, raising the allowable range of long-term interest rate changes from regarding 0.25% in the past to regarding 0.5%, which is equivalent to raising interest rates in real terms. The depreciation of the yen, which has been the main cause of the historic price rise, is expected to prompt investors to buy the yen and sell the dollar, narrowing the interest rate differential between Japan and the United States.
The Taiwan stock weighted index fell 263.29 points to close at 14170.03 points, a drop of 1.82%, with a turnover of 263.675 billion yuan. The over-the-counter OTC index, which represents small and medium-sized stocks, fell by more than 3%; all listed OTC stocks closed black, listed biotechnology stocks fell more than 4%, electronics stocks fell more than 2%, financial stocks fell 0.8%; OTC semiconductors fell 3.85%. Observing the trend of weight stocks, the wafer foundry TSMC’s intraday decline expanded, and it fell by 9 yuan to close at 457.5 yuan, a drop of 1.93%. Xinxing locked the limit price of 126.5 yuan, Hon Hai fell by nearly 1.5% in the end, and creative fell by more than 8%. .
Huang Guowei, assistant director of Mega International Investment Consulting, said that the Bank of Japan took action, and the Japanese yen rose sharply, which led to the forced transfer of funds previously used to buy strong currencies in the Japanese yen, causing Asian stocks such as Japan, South Korea, and Hong Kong to dive one following another. Although Taiwan is not a market with a large foreign exchange position, It will not affect the flow of funds in Taiwan stocks, but the stock market is already reflecting the economic recession, and the downward trend of the stock market in a negative environment is even heavier, leading to an expansion of today’s decline.
(Responsible editor-in-chief: Zhuang Yuyu)
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