The countdown to the closure of the Taipei Stock Exchange in the Year of the Tiger has launched a strong offensive today (9th). Foreign capital has returned in a large scale, buying more than 36 billion yuan in Taiwan stocks, and actively remitting them, pushing up the exchange rate of the New Taiwan dollar against the US dollar, which rose by 1.75 points. It closed at 30.52 yuan, a record closing high in more than a month, and the total turnover of the foreign exchange markets in Taipei and Yuantai enlarged to US$1.7185 billion.
The exchange rate of the Taiwan dollar against the US dollar opened exclusively last Saturday and touched 30.52 yuan in the intraday session. Today, driven by the surge in foreign exchange selling, the exchange rate made persistent efforts and broke through the 30.6 yuan barrier in one fell swoop, reaching a maximum of 30.51 yuan. The appreciation reached 1.85 yuan, setting a new high .
The NT dollar closed at 30.52 yuan against the U.S. dollar, an appreciation of 1.75 points, a new high since early December last year. The turnover of the Taipei foreign exchange market was 1.176 billion U.S. dollars, and the turnover of the Yuantai foreign exchange market was 542.5 million U.S. dollars.
US employment data in December was strong, but wage growth slowed down, strengthening outside expectations for the Fed to slow down the pace of interest rate hikes. US stocks closed higher last Friday, and the US dollar index weakened accordingly.
Taiwan stocks opened higher today, electronic stocks returned to the arms of the bulls, accounting for 60% of the market’s turnover, wafer duo made a strong move up, finance, automobiles, plastics and other traditional production stocks were also favored by buyers, and the weighted index rose 378.87 points at the end , closed at 14752.21 points, the highest in the audience, a new high in one month. The three major legal persons jointly bought over 43.227 billion yuan, of which foreign capital bought 36.1 billion yuan.
