The Taipei exchange market saw extreme volatility as the Central Bank intervened in the last five minutes before closing, defending the exchange rate, which ended at 31.064 TWD. The Taiwan dollar surged early in the morning, breaking through the 32, 31.5, and 31.2 TWD marks, and just before hitting the 31.1 TWD threshold, the Central Bank stepped in and pulled the rate back to the 31 TWD level. Ultimately, the dollar appreciated by 9.53 cents, a rise of 3.07%, marking the highest daily appreciation amount and percentage since 1989. The Central Bank noted that this surge was primarily due to substantial foreign investment in Taiwanese stocks, totaling 42.724 billion TWD, and emphasized that they had intervened appropriately. Notably, most Asian currencies also strengthened, with the Korean won and Thai baht appreciating as well. Despite the present expectations of further appreciation for the Taiwan dollar, market participants remain vigilant regarding future trends.