Taiwan stocks and the Taiwan dollar surge as foreign money floods in
Taiwan's stock market jumped and its currency climbed to a three-month high as foreign investors poured money in, good news for local investors and anyone holding Taiwan dollars.
- Taiwan's main index surged, led by TSMC and other big tech stocks.
- Foreign buying hit its fourth-largest single day on record, pushing money into the country and lifting the currency.
- Strong US job numbers were read across Asia as a sign the economy is holding up, which supports demand for AI chips.
- Japanese and South Korean stocks rose too, and the Korean won hit a two-year high against the dollar.
- The Taiwan dollar came close to the 31.5 mark before the central bank stepped in to slow it down.
Outlook: Traders expect the Taiwan dollar to test 31.5 again, with this week's US inflation numbers set to decide how far the rally runs.