NT$ depreciated twice in a row, closing at 30.71 yuan (photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] The market continued to reflect the Federal Reserve's "hawk attitude". Taiwan stocks fell more than 200 points on Friday following the dive of U.S. stocks. The depreciation was 8.5 cents, and the total trading volume was 1.6775 billion US dollars.

This week, the exchange rate of the New Taiwan dollar depreciated by 8.8 cents or 0.29%, and the weekly line fell twice in a row.

The Fed raised interest rates by 2 yards as expected, but hinted that it will start to cut interest rates in 2024. Central bank officials privately said that the market had previously expected the Fed to release doves, but it turned out to be an "owl", which means that the Fed's tightening attitude has not changed drastically, but just There is a gap with market expectations, so it needs to be corrected.

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With the U.S. stock market plummeting for two consecutive days, Taiwan stocks fell 205.58 points today to close at 14528.55 points. The three major legal entities sold a total of over 22.19 billion yuan, of which foreign capital sold over 15.765 billion yuan.

The exchange rate of the New Taiwan dollar was also driven by the large-scale remittance of foreign hot money. It fell below the price of 30.7 yuan in one fell swoop, and the lowest touched 30.765 yuan, a record low in nearly two weeks. In the afternoon, as the depreciation of major Asian currencies slowed down, the depreciation of the New Taiwan dollar converged.

A foreign exchange trader said that it is expected that foreign capital will go on vacation one after another next week, and may settle early. This year, the Chinese New Year is early, and companies will have to sell foreign exchange in response to year-end bonuses. The prefix depends on the wrestling between foreign capital and exporters.

According to the exchange rate at 4:30 according to central bank statistics, the U.S. dollar index appreciated by 0.45% today, the Japanese yen depreciated by 1%, the Korean won slightly depreciated by 0.18%, the euro depreciated by 0.08%, the renminbi depreciated by 0.09%, and the New Taiwan dollar depreciated by 0.28%.

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