Home NewsForex Market News stocks and foreign exchange surprisingly pulled up 4 in a row to close at 29.89 yuan in late trading | Anue Juheng-Forex

stocks and foreign exchange surprisingly pulled up 4 in a row to close at 29.89 yuan in late trading | Anue Juheng-Forex

by WOOWinvest
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stocks and foreign exchange surprisingly pulled up 4 in a row to close at 29.89 yuan in late trading | Anue Juheng-Forex


Taipei stock exchange today (21) simultaneously staged a tail-end drama. The broader market opened lower and higher, with a strong rise of 204 points, approaching the 10,000 mark. The exchange rate of the New Taiwan dollar against the US dollar was affected by the strengthening of the US dollar and once fell below the 29.9 yuan level, but , In the afternoon, foreign exchange selling force emerged, which drove the exchange rate from depreciation to rise. It ended at 29.89 yuan, a slight increase of 0.6 cents, which was 4 consecutive gains. The total transaction value of Taipei and Yuantai foreign exchange markets increased to 1.459 billion US dollars.

The foreign exchange market has been lightly traded recently, and foreign investors are not very willing to sell foreign exchange. The central bank intervenes in a timely manner to adjust the exchange rate and support the exchange rate of the New Taiwan dollar. Before today’s midday, due to the emergence of US dollar buying, the exchange rate fell to a minimum of 29.96 yuan, a depreciation of 6.4 cents. The rise of Taiwan stocks increased, and the decline of the Taiwan dollar gradually subsided. It rose 0.6 cents at the end to close at 29.89 yuan. The turnover of the Taipei foreign exchange market was 966 million US dollars, and the turnover of the Yuantai foreign exchange market was 493 million US dollars.

The US chip bill passed the first hurdle. Taiwan stocks today, supported by the semiconductor group, expanded their gains. Wafer foundry and IC design stocks were favored by buyers. TSMC rushed back to the 500-yuan barrier, and the weighted index rose sharply at the end. At 204 points, it closed at 14937 points. The three major corporations stood as buyers. Foreign investors stopped selling over 4 consecutive trading days, and returned to buy over 11.561 billion yuan.

Observing the performance of major currencies against the US dollar today, according to the statistics of the central bank, the US dollar index rose 0.43%, the Korean won rose 0.4%, the New Taiwan dollar rose slightly by 0.02%, the Japanese yen fell by 0.33%, the euro fell by 0.3%, the RMB fell by 0.17%, and the Singapore dollar also Down 0.08%, Asian currencies generally fell.

The recent exchange rate trend of the New Taiwan Dollar. (Picture: Juheng.com)

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