On Wednesday last week, the New Taiwan dollar exchange rate continued to rise off the back of foreign direct investment inflows and a stronger South Korean won. At close of trading on Wednesday the NT dollar was trading at NT$32.183 against the US dollar, a rise of 3.7 percent, which marks an 11-month high for the NT dollar.
Total trade volumes at the Taipei Foreign Exchange and Cosmos Foreign Exchange markets reached US$1.12 billion on Wednesday.
Currency traders said US stocks continued to rise, while Asian stock markets all made gains and were in a bullish mood.
The TAIEX fluctuated mid-way through trading and by market close had made only modest gains, rising 16.29 points. However, overbuying of TAIEX stocks by foreign investors to the tune of NT$9.40 billion, in addition to a rising South Korean won, provided the impetus for a soaring NT dollar exchange rate.
By close of trade, the NT dollar broke through its pre-Brexit referendum high, achieving a record 11-month high.
(CNA, TRANSLATED BY EDWARD JONES)
1. bullish mood n. phr.
看多氣氛 (kan4 duo1 qi4 fen1)
2. modest gain n. phr.
小漲 (xiao2 zhang3)
3. overbuy v.
買超 (mai3 chao1)
4. break through v. phr.
一舉突破 (yi4 ju3 tu2 po4)
Taiwan is celebrating the anniversary of the same-sex marriage bill, which officially took effect on May 24 last year. According to Ministry of the Interior statistics, a total of 4,021 same-sex couples had married as of May. Last Friday, the Rainbow Equality Platform released an opinion poll about Taiwanese’s attitude toward same-sex marriage. Among the respondents, 92.8 percent said same-sex marriage does not affect them personally, and 50.1 percent of them said such union does not affect Taiwan’s society. However, 74.1 percent of them said it is acceptable to see straight couples kissing in the street; the figure dropped to 48.2
Faced with the COVID-19 crisis, the creative South Korean showbiz has tried to resume activities in alternative ways. SM Entertainment has been working with Naver’s V Live to launch a series of shows through the K-pop live video streaming service, allowing entertainers to broadcast live on the platform and chat with their fans. For the shows, titled “Beyond Live,” SM has employed “augmented reality” (AR) technology in the background created by real-time augmented 3D graphics, while simultaneously providing interactive communication online. Some fans said that the online shows are more fun than real concerts, because they can chat and interact
Astronomers believe they may have found the first direct evidence of a new planet being born. A dense disc of dust and gas has been spotted surrounding a young star called AB Aurigae, about 520 light years away from Earth. Using the European Southern Observatory’s (ESO) Very Large Telescope (VLT), located in Chile, the researchers observed a spiral structure with a “twist” near the center, which suggests a new world may be in the process of forming. The swirling disc was one of the telltale signs of the star system being born in the constellation of Auriga, the scientists said.