The strong U.S. job market supports the strengthening of the U.S. dollar. In addition, tensions between the U.S. and China have led to heightened risk aversion. Funds tend to flow out of Asia. The trend expanded, and the final depreciation was 8.4 cents. It closed at the lowest price of 29.984 yuan in the market. Backtesting the integer mark of 30 yuan, the total turnover of the Taipei and Yuantai foreign exchange markets was 1.8465 billion US dollars.
Taiwan dollar opened exclusively against the U.S. dollar on the make-up day last Saturday. Affected by the strengthening of the U.S. dollar, it depreciated by 1.8 cents and closed at 29.9 yuan. After opening at 29.95 yuan today, buying orders for the U.S. dollar immediately emerged, and the exchange rate closed at 29.984 yuan. Closed, with a depreciation of 8.4 cents, the turnover of the Taipei foreign exchange market was US$1.195 billion, and the turnover of the Yuantai foreign exchange market was US$651.5 million.
Observe the performance of major currencies against the U.S. dollar today. According to statistics from the central bank, the U.S. dollar index rebounded by 1.2%, the Japanese yen fell by 2.41%, the Korean won depreciated by 1.87%, the euro depreciated by 1.1%, the Singapore dollar depreciated by 0.94%, the New Taiwan dollar depreciated by 0.88%, and the Chinese yuan With a depreciation of 0.51%, Asian currencies plunged across the board.
Taiwan stocks opened lower and lower today. The semiconductor group was under heavy selling pressure. TSMC led the decline by more than 2%. Although Hongjiajun bucked the trend to support the market, the weighted index still lost to the selling pressure. It fell 209.84 points at the end of the session, closing at the lowest point of 15392.82 points in the whole market. It fell below the 5-day SMA. Foreign investors ended their 14 consecutive purchases, and today they reversed the withdrawal of 12.558 billion yuan in Taiwan stocks.
