Home NewsForex Market News foreign capitals run away and stock exchanges are heavily devalued by 1.07 cents to close at 31.012 yuan | Anue tycoon – foreign exchange

foreign capitals run away and stock exchanges are heavily devalued by 1.07 cents to close at 31.012 yuan | Anue tycoon – foreign exchange

by WOOWinvest
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foreign capitals run away and stock exchanges are heavily devalued by 1.07 cents to close at 31.012 yuan | Anue tycoon – foreign exchange


The Taipei stock exchange market weakened together today (28), with Taiwan stocks plummeting 221 points. Foreign investors withdrew more than 10 billion and tended to repatriate them outward. Yuan closed, the total turnover of Taipei and Yuantai foreign exchange markets was 1.558 billion US dollars.

The New Taiwan dollar rose 0.86% against the U.S. dollar last week and returned to the 30s. After opening at 30.96 yuan today, it fell to 31.021 yuan at one point, and finally depreciated by 1.07 cents to close at 31.012 yuan. The turnover in the foreign exchange market was US$499 million.

The nine-in-one election in Taiwan ended, the Democratic Progressive Party suffered a disastrous defeat, the cabinet reshuffle revived, the market reported that the conditional air ban may be lifted, and whether the National Security Fund’s regular meeting in January next year will continue to protect the market has also been questioned. In terms of international news, due to the outbreak in China The severe blockade and control protests caused Asian stocks to fall across the board, with Hong Kong stocks and Korean stocks both falling by more than 1%.

Taiwan stocks were under selling pressure. At one point, the 14,500-point mark was retested. The semiconductor industry was heavily adjusted, plastics, shipping and other industrial stocks weakened simultaneously, and small and medium-sized stocks such as tourism still attracted funds. The weighted index fell 221.64 points or 1.5 at the end of the session. %, closed at 14556.87 points, fell below the 5th and 10th line, and foreign capital sold more than 10.771 billion yuan, which was 2 consecutive sales.

According to statistics from the central bank, the U.S. dollar index rose by 0.25% today, the South Korean won fell by 1.23%, the Chinese yuan depreciated by 0.53%, the new Taiwan dollar fell by 0.35%, the euro fell by 0.34%, the Singapore dollar fell by 0.30%, and the Japanese yen, which has a hedging nature, rose against the trend by 0.35% %.

New Taiwan dollar recent exchange rate trend.  (Picture: Juheng.com)
New Taiwan dollar recent exchange rate trend. (Picture: Juheng.com)

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