Inflation in the United States cooled down and the financial market enthusiasm did not dissipate. With US stocks continuing to rise, Taiwan continued to stage a sharp rise in shares today. The exchange rate of the new dollar Taiwanese rose 2.84 cents, returning to the price of 31.1 yuan and hitting a new high in the past two months Taiwan shares once hit 14,100 points.
The latest consumer price index (CPI) in the US was lower than expected. The market interpreted that inflation should slow, easing the Federal Reserve’s aggressive pace of interest rate hikes. Financial market sentiment was boiling and the US dollar index fell sharply, falling to around 106 shocks.
Taiwan stocks continued to climb 503.8 points on the 11th. After the index hit the “Wansi” mark, driven by the continued rise in US stocks, the open continued to be strong today.
The influx of hot money and the weakness of the US dollar index encouraged the Taiwan dollar exchange rate to resume its upward trend: after the morning open at 31.37 yuan, it broke through two barriers of 31, 3 and 31.2 yuan and the highest rose to 31,126 yuan, a 2-month intraday record high.
Publisher: Qin Yingwen
