Reported about 1 year ago
Stocks and forex surge in Taiwan as the stock market closes at 23,522 points with a 350-point increase, and the New Taiwan Dollar strengthens against the US dollar to 32.48, a 1.52-point rise. Despite lower trading volume, experts note that hot money has not fully returned. Foreign investors have been buying Taiwanese stocks, with an excess of 36.2 billion, making it the 8th largest value this year. The NT dollar's rise is attributed to factors such as TSMC's stock price breaking 1,000 and the US Federal Reserve's dovish stance impacting the US dollar and bond yields. However, experts caution that the NT dollar's rise may not be sustained indefinitely.
Source: YAHOO