First Republic Bank received a joint capital injection of US$30 billion from 11 large U.S. banks. The liquidity crisis was temporarily resolved, which encouraged the U.S. stock market to rebound strongly. , The exchange rate of the Taiwan dollar against the US dollar also rose above the 30.6 mark, and finally appreciated by 7.7 cents to close at 30.554 yuan, climbing to a new high in three weeks. The total turnover of the Taipei and Yuantai foreign exchange markets was 1.177 billion US dollars.
The NT dollar’s weekly depreciation ended five times in a row, and the total appreciation this week was 2.94 cents, an increase of 0.95%.
The financial market was turbulent this week. Silvergate Bank and Silicon Valley Bank (SVB) collapsed one after another, shocking global investors. Subsequently, Credit Suisse (Credit Suisse) and First Republic Bank also reported financial crises. A strong rescue effort was made to stabilize market confidence. Asian stocks stopped falling today and launched a strong rebound.
In order to curb the high inflation, the European Central Bank (ECB) raised interest rates by 2 yards as originally planned, and the U.S. dollar index fell accordingly. With the strength of foreign exchange throwing, the final appreciation was 7.7 cents, closing at 30.554 yuan, the highest point since late February. The transaction value of Taipei foreign exchange market was 770 million U.S. dollars, and the turnover of Yuantai foreign exchange market was 407 million U.S. dollars. The wait-and-see atmosphere in the market is strong, focusing on the results of the Fed’s interest rate decision-making meeting next week.
Observing the performance of major currencies against the U.S. dollar today, according to central bank statistics, the South Korean won appreciated by 0.83%, the Chinese yuan also rose by 0.52%, the Singapore dollar appreciated by 0.4%, the euro appreciated by 0.34%, the New Taiwan dollar appreciated by 0.25%, the yen rose slightly by 0.08%, Vietnam The shield depreciated by 0.06%.
Taiwan stocks opened higher today. TSMC acted as the bullish coach and led the electronic army to attack. Steel, plastics and other industrial stocks also came to assist. In addition, financial stocks stopped bleeding and stabilized. The weighted index rose 231.84 points and closed at 15452.96 points. It regained the 5-day moving average. The three major legal persons bought over 12.54 billion yuan in total, and foreign investors stopped selling over 3 consecutive trading days, and returned to buy over 10.9 billion yuan.
