NT Dollar Surges, Exports Face Challenges, Domestic Tourism Sector Thrives

Financial Center / Comprehensive Report
Today (5th), the exchange rate of the New Taiwan Dollar skyrocketed, breaking through the 30 NTD mark in intraday trading, peaking at the 29 NTD range, appreciating over 1 NTD within a day, presenting tough conditions for export-dependent groups. In contrast, sectors related to domestic demand and tourism, as well as asset stocks, have surged. Although the Taiwan stock market opened high, it ultimately fell, with the weighted index down by 254.65 points, closing at 20532.99 points, with total trading volume reaching 387 billion NTD, experiencing a fluctuation of 564 points between the high and low. Major stocks like TSMC closed down 12 NTD, while MediaTek dipped by 0.38%. Financial stocks bore the brunt of losses, with Cathay Financial plunging by 6.8%. In contrast, asset, tourism, and aviation stocks saw impressive gains, with Nan Fang hitting the ceiling price, and Shih Electrical rising by 9%. Travel agencies benefited from exchange rate advantages and the summer travel wave, with Canstar Travel and EasyFly hitting their price limits.
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