August 7, 2025

U.S. Dollar Closes Sharply Lower on Taipei Forex Market

Taipei: The U.S. dollar experienced a significant drop against the Taiwan dollar on Thursday, losing NT$0.170 to finish at NT$29.820. This marked a notable change in the foreign exchange landscape within the Taipei forex market. According to Focus Taiwan, the trading session for the U.S. dollar saw a total turnover

Taiwan Shares Surge Past 24,000 Mark, Driven by TSMC Rally

Taipei: Taiwan shares jumped more than 550 points Thursday to close above the 24,000 mark, led by gains in Taiwan Semiconductor Manufacturing Co. (TSMC) after U.S. President Donald Trump suggested he would impose steep tariffs on imported chips, a move analysts believe would have limited impact on TSMC. The Taiex,