Today (29th), the New Taiwan Dollar showed strong performance, rising over 1.5 cents to break the 32.3 Yuan mark, reaching a five-month high (photo / CTWANT). With TSMC (2330) rebounding, the Taiwan stock market continued its ascent, with the weighted index breaking 20,200 points at one point, ultimately reaching a high of 20,223.49 points.

The US dollar has recently weakened, with the dollar index dropping 0.8% on Monday to close at 98.93 points. The market is closely monitoring the latest developments in US trade policy and the upcoming economic data to assess the impact of the trade war on the economy. The New Taiwan Dollar opened at 32.44 Yuan in the morning, appreciating by 2.5 cents, and subsequently climbed to 32.274 Yuan, a strong increase of 1.91 cents.

In the stock market, the weighted index closed at 20,034.41 points on the 28th, up 161.68 points, a rise of 0.81%, with a transaction amount of NT$215.54 billion. This morning, the market opened slightly lower but then turned positive, reaching 20,080.53 points at one point. After 10 AM, it rapidly climbed, breaking through 20,100 points, hitting 20,223.49 by 1:27 PM, with TSMC driving the rally in both the stock and currency markets. Meanwhile, the US stock market enters a busy earnings week, with major tech companies including Apple, Amazon, Meta, and Microsoft set to release their earnings reports. Although 73% of the companies that have reported earnings so far have exceeded market expectations, analysts warn that the adverse impact of trade tariffs may not yet be fully reflected in corporate performance.