U.S. dollar soars,RMBSudden downgrade, Xie Jinhe, chairman of Caixin Media, worried that “a new version of the Asian financial turmoil is brewing”.Taiwan dollarThe sharp depreciation fell below 30.9 yuan, and Taiwan stocks also fell under the pressure of TSMC, which once fell more than 260 points and fell to 14,500 points.
Xie Jinhe said in a Facebook PO post that the United States took a tough stance to raise interest rates, which pushed up the dollar, and Asian currencies were even weaker, which is reminiscent of the Asian financial crisis in 1997.
Xie Jinhe pointed out that the deficit of South Korea in the first eight months was as high as 24.57 billion US dollars, and the situation became more and more serious.wonIt fell to 1380.77, which has fallen below the low price in 2008. South Korea’s foreign debt ratio is high, and it may be the first to raise the alarm. Taiwan and Japan will also be affected, but the external debt is not high and can tide over difficulties. Next are China and Hong Kong, which are increasingly struggling economically.RMBThe sharp drop may be a bad signal, and the Hong Kong dollar’s linked exchange rate may not be able to hold up. This is the path of the next round of new Asian financial turmoil!
Under pressure from the Fed to aggressively raise interest rates,US dollar indexBreaking through 110 again, the four major U.S. stock indexes closed in black, and Asian currencies all collapsed today.Taiwan dollarAnd Taiwan stocks are doomed. King Quan TSMC fell as low as 14 yuan in early trading, breaking the bottom to 475 yuan, not only fell about 3%, but also affected the broader market by about 116 points.
The rest of the weighted stocks also generally turned green. Hon Hai fell by about 1%, MediaTek, Silicon Power-KY, Panel Shuanghu, and Formosa Plastics all fell together. Financial stocks fell even more heavily. Only stock king Daliguang took advantage of its fundamentals. Contrary to the trend, the price rose to 1970 yuan.
All kinds of stocks on the disk are almost full of ink. Only the optoelectronics group rose against the trend with Largan, Jingrui rose about 4%, and Lingju, Yujingguang, Xiangyao, Chengmeicai, and TPK-KY all rose against the trend.
Overall,US dollar indexAfter a strong rise, government bond yields continued to soar, and the market began to worry about doubling the QE balance sheet. Taiwan stocks hit a low of 14,410.83 points during the session. As funds accelerated out of the stock market, let’s see if the low of 14,378 in mid-July this year is supported.