Taiwan stock exchanges both weakened today (18), and the US and European stock markets were closed for one day due to the Good Friday. However, the exchange rate of the New Taiwan dollar once morest the US dollar continued to weaken, breaking the 29.2 yuan mark in early trading, hitting a new low of more than a year and a half , Taiwan stocks also fell below Wanqi, backtested at 16,800 points.
Taiwan stocks gapped down 130 points in early trading, reaching a minimum of 16,868 points. The electronics and financial groups performed weakly. However, electronic weight stocks such as TSMC and MediaTek were supported by buying and turned red one following another, driving the decline of the broader market to converge and return to above 16900 points.
Following the re-depreciation of more than 1 cent last Friday, the exchange rate of the New Taiwan dollar once morest the US dollar fell for the second consecutive trading day. U.S. bond yields have risen, and funds such as local investment trust and life insurance have also flowed out.
The U.S. dollar rose strongly, and Asian currencies generally fell today. The Korean won fell 0.42% in early trading, the New Taiwan dollar fell by 0.25%, the Japanese yen fell by 0.19%, the Singapore dollar fell by 0.16%, and the RMB fell by 0.04%.
More Juheng reports
•The yen hit a 20-year low Japanese finance minister: no intention to change the joint statement with the central bank
• Foreign investment changed face, slumped by 1.14 yuan, closed at 29.118 yuan, down 0.73% for the week
