The Federal Reserve’s aggressive interest rate hikes and recession fears are spreading across Wall Street. U.S. stocks suffered bloodbath on Monday and officially fell into a bear market. Taipei stocks also showed a double-play trend today (14). 15900 points,New Taiwan DollarThe exchange rate once morest the US dollar also depreciated below the 29.8 yuan mark, continuing to write a new low for nearly a month.
The dollar continues to strengthen as risk aversion heats up,New Taiwan DollarThe exchange rate has depreciated for the ninth consecutive trading day. It once depreciated by 6 cents in early trading, reaching a minimum of 29.802 yuan, approaching the low point of the previous wave, and foreign capital kept withdrawing from the Taipei stock exchange.
Observe the performance of major currencies once morest the US dollar,New Taiwan DollarIt depreciated 0.1% in early trade,wonIt also depreciated 0.09%, while the Singapore dollar rebounded 0.11%.Japanese Yen、RMBA slight appreciation of 0.01-0.02%, and the Asian currencies went up and down each other.
US dollar indexSoaring to a new high in nearly 20 years, rushing to around 105, the sell-off of risk assets intensified. The Fed held its interest rate decision meeting this week, and the market is widely expected to raise interest rates by 50 basis points (2 yards), but there are also calls for a 75 basis points (3 yards), such as Barclays (Barclays) and Jefferies.
In terms of Taiwan stocks, affected by the collapse of US stocks, electronic weight stocks continued to be attacked by bears. TSMC and MediaTek fell 1-2%. However, financial stocks broke through once morest the trend and generally performed on the market.weighted indexIt broke through Wanliu in early trading, fell 200 points at one point, and fell below 15900 points, and then the decline converged slightly.
