US Stocks Plummet, Taiwan Market Faces Challenges; Small Investors Should Consider Gold and Cash
Amid President Trump's sharp criticism of Federal Reserve Chair Jerome Powell, US stock markets have faced turbulence, with the Dow Jones Industrial Average plunging nearly 1000 points on Monday. In contrast, safe-haven gold soared to $3,400 an ounce, setting a new historical high.
Given this backdrop, the outlook for Taiwan's stock market appears bleak as investor confidence wanes. Furthermore, the US dollar index has continued to weaken, reaching its lowest level since 2022. Analysts suggest that investors should be cautious in asset allocation during such turbulent times.
Taiwan's Xin Bank has launched a 'New Capital, New Taiwan Dollar Preferred Deposit Project' to offer small investors a stable cash return, aiming to provide security in an unstable market.
