Ukraine and Russia go to war! The New Taiwan dollar depreciated below the 28 yuan mark in the afternoon, a new low in more than 4 months (photographed by reporter Chen Meiying)
[Reporter Chen Meiying/Taipei Report]Russia went to war, Ukraine declared martial law, and the New Taiwan dollar fell below the 28 yuan mark in one fell swoop at the opening of the afternoon.
Not long after U.S. President Biden warned Russia about a full-scale invasion of Ukraine, Russian President Vladimir Putin announced today that he would take special military action against Ukraine. At present, several cities in Ukraine have been hit by missiles. The news hit global financial markets hard.
The Taiwan stock market smashed 461 points and closed at 17594.55 points. The New Taiwan dollar exchange rate fell below the 28 yuan mark at the opening in the afternoon, and the lowest reached 28.036 yuan, and is currently around 28.01 yuan. The major Asian currencies, only the Japanese yen, appreciated due to the demand for hedging.
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