Divergence in Stock and Forex Markets! NT Dollar Rises for Two Consecutive Days to 32.261, Reaching a Two-Week High

Foreign capital flowed in on a large scale and purchased Taiwanese stocks on May 5, and this operation continued on May 6, driving the New Taiwan Dollar to rise by more than 1 jiao. However, importers entered the market, suppressing the appreciation, and the closing rate was 32.261, up 5.4 points, marking a new high since July 20. The total transaction value in the Taipei and Yuan-Tai forex markets was 31.385 billion dollars.

Asian stocks fell across the board today, but the Taipei stock market showed a different trend. The market once fell by nearly 600 points, with TSMC and MediaTek closing lower, but large-cap stocks such as Pegatron and Foxconn provided support. Additionally, the PCB and memory sectors were favored by buying, narrowing the index's decline, and the closing rate was 44,396.7 points, down 214.9 points.

The New Taiwan Dollar opened at 32.29 and reached a high of 32.2, marking a two-day consecutive rise. However, forex market trading became sluggish in the afternoon, and dollar buying emerged, causing the appreciation to narrow, and the closing rate was 32.261, up 5.4 points, marking a new high since July 20.

Observing the performance of major currencies against the dollar today, according to central bank statistics, the dollar index fell 0.07%, and Asian currencies had mixed performance. The New Taiwan Dollar appreciated 0.17%, the yuan remained stable, the Korean won depreciated 0.16%, the yen depreciated 0.09%, and the Singapore dollar depreciated slightly by 0.02%.

U.S. President Trump and several U.S. officials have stated that the important agreement to reopen the Strait of Hormuz is nearing completion, and oil prices have since plummeted, with the dollar index also falling below 100.