Stocks and Forex Tumble; NT Dollar Plummets by 1.05 Jiao to Close at 31.65
NQ Score
3/100
N1 Content Completeness
4
AI Summary (NQ-processed)
Impacted by a stalemate in US-Iran peace talks and three consecutive days of net selling by foreign investors in the Taiwanese stock market, both stocks and the currency fell on the 19th. The New Taiwan Dollar (TWD) depreciated sharply by 1.05 jiao to close at 31.65 per US dollar, a low of over one month. The Taiex plunged 716.26 points to end at 40175.56. Foreign investors sold a massive NT$63.235 billion worth of stocks, with the cumulative net sell-off over the past three days exceeding NT$1189 billion, becoming the main driver of the TWD's depreciation. Total turnover in the Taipei and Gaitame forex markets reached a high volume of US$3.131 billion.