Foreign investment is coming back! The New Taiwan dollar bucked the trend and rose 5.1 points. It still has 2 consecutive black weeks.

The U.S. dollar index continued to be at a high level, with most major Asian currencies depreciating. The New Taiwan dollar's exchange rate against the U.S. dollar bucked the trend and rose due to the stabilization of Taiwanese stocks and the shift to overbuying by foreign investors. It ended at 32.838 yuan, an appreciation of 5.1 cents. The total trading volume of Taipei and Yuantai Foreign Exchange Brokerage Company was 3.117 billion U.S. dollars. However, it still depreciated by 7 points or 0.21% for the whole week, marking two consecutive black weeks.

The aftermath of Huida Huang Jen-Hsun's resignation is still lingering, but the Taiwan stock market had fallen by more than a thousand points yesterday. Today, driven by technology stocks, it once rebounded by more than a thousand points, regaining yesterday's losses, and finally closed at 43675.12 points, up 583.25 points. The three major legal entities were overbuying simultaneously, of which foreign investors were overbuying by 28.836 billion yuan, ending 11 consecutive trading days of overselling.

The return of foreign investors to buy stocks and the inflow of hot money also drove the New Taiwan dollar to rise. It reached an intraday high of 32.827 yuan, with fluctuations of less than 1 cent, and the fluctuations significantly converged.

Huiyin insiders pointed out that the stock market rebounded simultaneously today, mainly because Taiwan stocks had reflected Huida's negative news in advance yesterday. After Huang Renxun resigned, the market focus turned to succession arrangements and the impact on the supply chain. It remains to be seen whether the subsequent disruption to the stock market will continue.

Huiyin people believe that the oversold amount of foreign capital in the first two trading days was less than 1 billion yuan, and today it has further turned into overbuying. However, whether this wave of adjustment comes to an end is still the key to the market outlook of the New Taiwan Dollar.

The market is also paying attention to the US Producer Price Index (PPI) released tonight. Since the previously announced October Consumer Price Index (CPI) was higher than expected, if the PPI is also on the high side, it may further strengthen expectations for an interest rate hike and support the trend of the US dollar.

According to statistics from the central bank, as of 4 p.m., the U.S. dollar index rose by 0.26%. Among the major Asian currencies, the New Taiwan dollar appreciated by 0.16%, the Korean won depreciated by 0.33%, the Singapore dollar depreciated by 0.17%, the Japanese yen depreciated by 0.09%, and the RMB depreciated by 0.03%.