Reported 8 months ago
On June 25, 2024, Taiwan's stock market experienced a pullback, leading to a decline in the New Taiwan Dollar exchange rate to 32.443 units, a decrease of 4.8 points, marking three consecutive days of losses. The depreciation was influenced by export businesses' foreign exchange activities towards the end of the month. The correlation between the New Taiwan Dollar exchange rate and the stock market trends was evident, with foreign investors significantly selling off as the stock market saw a sharp drop of over 300 points midday. Despite a slight rebound towards the end of trading, the overall sentiment remains cautious.
Source: YAHOO