Home » Economy » 〈Taiwan dollar〉Followed by hot money, the stock market doubles and rises strongly by more than 30 cents to approach 31 yuan | Anue tycoon – Forex

〈Taiwan dollar〉Followed by hot money, the stock market doubles and rises strongly by more than 30 cents to approach 31 yuan | Anue tycoon – Forex

by Alexandra Hartman Editor-in-Chief

The Taipei Stock Exchange continues to stage a double-up trend today (14),New Taiwan dollarSurrounded by hot money, the exchange rate once morest the U.S. dollar rose by more than 30 cents, approaching the integer level of 31 yuan, setting a new high in 2 months. The market is optimistic that the exchange rate is expected to challenge the 30-digit initial; Stand on the 14100-point checkpoint.

dollar indexRecently a big dive,New Taiwan dollarThe exchange rate performed passionately last Friday, rising by nearly 50 cents, the largest single-day increase in the past 23 years. Today, it continued to make persistent efforts and continued to launch a fierce offensive. The intraday appreciation was 3.04 cents, reaching a peak of 31.106 yuan, a new high since mid-September this year .

In terms of Taiwan stocks, TSMC rose nearly 2% in early trading today, reaching 450 yuan at one point, leading the electronics stocks to rise, and the production line played a key role in supporting the market. Formosa Plastics, Nanya, Taiwan Cement, AirTAC-KY, Evergreen, etc., Both were favored by buyers, while financial stocks were mixed.

Observe the performance of major Asian currencies once morest the US dollar today,New Taiwan dollarThe exchange rate rose 0.83% in early trading,RMBAlso rose 0.43%,wondepreciated by 0.36%,JPYIt also depreciated by 0.25%, and the Singapore dollar also depreciated slightly.

China’s Health and Construction Commission announced last Thursday that it would relax a series of anti-epidemic measures, including shortening the quarantine period for those entering quarantine and close contacts to “5+3”. As risk sentiment continues to improve,RMBThe central parity rate once morest the US dollar was reported at 7.0899 today, a new high since the end of September; it was raised by 1008 points from the previous day, the largest single-day increase since the exchange rate reform in 2005.

New Taiwan dollar recent exchange rate trend. (Picture: Juheng.com)


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