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New Taiwan Dollar Soars! Central Bank Holds Press Conference as Market Movements Become Crucial

New Taiwan Dollar Soars! Central Bank Holds Press Conference as Market Movements Become Crucial

The New Taiwan Dollar surged by 9.19 cents during the trading session, marking the largest single-day increase this year, prompting a rare response from the Central Bank. Governor Yang Chin-long emphasized that the recent fluctuations in the currency market are abnormal and represent a non-normal phenomenon, stating that the Central Bank has entered the market "moderately" to regulate but has not manipulated the exchange rate.

Funds are shifting towards safe-haven assets, boosting stock prices in sectors such as food and airlines, indicating a clear return of capital. Analysts pointed out that attention should be paid to whether the U.S. will reinstate tariffs on semiconductor products on May 7, as this could lead to structural rotation in the Taiwan stock market, urging caution regarding fluctuations in capital and shifts in institutional attitudes.

Overall, amidst the interplay of international capital flows and policy watchfulness, the NTD and the Taiwan stock market are experiencing amplified volatility, warranting a more cautious approach to operations.

Note: This content is for reference only; investors should assess risks carefully and take responsibility for their investment outcomes.