Hot Money Inflows Drive Stock and Currency Gains; New Taiwan Dollar Closes at NT1.409, a Two-Month High
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Driven by expectations of an end to the Middle East conflict and a surge in hot money, Taiwan''s stock market hit a new record high of 42,156.06 points, and the New Taiwan Dollar reached a two-month high of NT1.409 against the US dollar. Foreign capital inflows are significantly boosting both the stock and currency markets.