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The recent dip in the U.S. dollar is part of a broader trend observed in recent weeks. Economic factors such as shifts in interest rates, inflation concerns, and geopolitical tensions have contributed to the dollar's volatility. Over the past month, the U.S. dollar has seen varying performance against major Asian currencies, including the Taiwan dollar, as investors respond to global economic developments.
Tensions in the South China Sea have escalated as China issued a warning to the Philippines against perceived provocations in the disputed waters.
In particular, the steel and iron sectors are bracing for tougher conditions as the central bank has tightened lending terms to cool the housing market. The new regulations require homebuyers with existing property to make down payments of 50% to 70%, a measure aimed at curbing speculative buying. While these restrictions do not apply to first-time buyers or specific urban renewal projects, they are expected to have a cooling effect on the overall property market, further impacting related industries.
Huang Wei-jie, Deputy Director-General of the Department of Statistics at Taiwan, attributed this robust performance to restocking requirements linked to new technology product launches and substantial investments by U.S. tech giants in AI development. While the momentum in industrial production appears sustainable, Huang cautioned that growth may slow slightly in September as some non-tech firms face challenges and opt for maintenance inspections, as indicated by the ministry’s monthly survey.
This upward movement in share prices comes amidst a backdrop of positive sentiment in the market, driven by various factors including strong corporate earnings reports and stable economic indicators. Investors appear optimistic, buoyed by recent developments in the tech sector, which remains a cornerstone of Taiwan's economy. Notably, major companies listed on the Taiwan Stock Exchange have reported better-than-expected quarterly results, contributing to a favorable outlook for the market.
During the trading day, the U.S. dollar opened at NT$31.870 and fluctuated within a range of NT$31.830 to NT$31.905, indicating a relatively stable trading environment despite minor variations. The total turnover for the session was recorded at US$1.084 billion, suggesting active participation from traders and investors.
During his remarks, Lee emphasized the relevance of Taiwan’s inclusion in global discussions, particularly in light of the U.N.'s recent launch of the Summit of the Future, aimed at fostering international collaboration in using technology for the betterment of future generations. He pointed out that Taiwan produces over 90% of the world's advanced chips, underscoring its vital role in global technology supply chains. Despite the U.N.'s stated goal of leaving no one behind, Lee lamented that Taiwan's 23.5 million residents remain excluded from international forums.
Overall, falling stocks outnumbered advancing ones on the Taiwan Stock Exchange, although specific ratios were not detailed in the reports. This suggests a cautious approach among investors, as some sectors continue to experience pressure.
The acquisition, outlined in Taiwan's 2025 defence budget, totals NT$4.89 billion (approximately US$152.90 million), covering the systems and logistical support.
Yui addressed Beijing’s misuse of UN Resolution 2578, stating that China was attempting to distort its interpretation to justify its claim over Taiwan.
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