Taiwanese stocks big pump》New Taiwan Dollar skyrockets to "30.8 Yuan" reaching a 16-month high! Switching stablecoins back to fiat means less money...

Today's sharp rise in Taiwan stocks coincided with the strong rise of the new Taiwan dollar, what forces drove this rare double strength of foreign exchange stocks? (Synopsis: Will electricity bills go up? Taipower's three scripts exposed, Minister of Economy Guo Zhihui: Strive for 100 billion subsidies from the Legislative Yuan, restart nuclear power requires a national consensus) (Background supplement: Trump's support for "nuclear energy development AI", what impact may it have on Bitcoin mining? After a day of market closure last night, TSMC rose 42 yuan, and the weighted index closed up 552.61 points, up 2.73%, to nearly 20,800 points. At the same time, the exchange rate of the new Taiwan dollar against the US dollar also showed a rare sharp rise, at one point appreciating more than 1.2 yuan during the session, hitting a new high since January 2024. Although the central bank has subsequently begun to intervene, it is still in its early 30s, and the US dollar can be exchanged for NT$30.84 before the deadline. The driving force behind it: capital and international momentum The main driving force for the simultaneous strengthening of Taiwan stocks and the new Taiwan dollar comes from capital inflows. A large amount of foreign hot money poured into Taiwan stocks, which not only pushed up the stock price, but also directly pushed up the exchange rate by increased foreign capital purchases of the new Taiwan dollar. The strong performance of the U.S. stock market, especially the bright earnings reports of technology giants, has made Taiwan an important part of the global technology supply chain attractive to funds. On the other hand, the recent weakening of US economic data and higher expectations that the Federal Reserve (Fed) may initiate a rate cut have weakened the safe-haven appeal of the US dollar, resulting in a relative weakening of the US dollar. We know that the rapid appreciation of the new Taiwan dollar will not only increase exchange pressure on export-oriented enterprises, but may also suffer losses due to exchange rate fluctuations. In addition, for Taiwanese cryptocurrency investors, the need to exchange stablecoins such as USDT for Taiwan dollars has also been affected. According to MAX exchange data, the USDT/TWD trading pair is now trading at 31.31 yuan, a full 4.5% difference from the high of a week ago. Of course, this may only be a short-term fluctuation, and not everyone will need to exchange it back for NTD, but it reminds you that if you need a large withdrawal in the near future, you can consider it more. Related Stories Bitcoin Security Myth Busted? Researcher: "$10 billion + 10GW of electricity" can launch a 51% attack, and large institutions can easily short profit Europe's largest power company ENEL will "tokenize solar panels" to buy coins to offset electricity bills, RWA new application "Taiwan stocks soared" The new Taiwan dollar soared to "30.8 yuan" hit a 16-month high! There is less money in exchange for stablecoins back to fiat currency...〉This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".