TWD Falls to Nine-Year Low Against USD Ahead of More Trump Tariffs

TaiwanPlus News

Taiwan's stock exchange closed down 4.2% on Monday as anxiety runs high across Asian markets ahead of U.S. President Donald Trump's expected reveal of more tariffs. The New Taiwan dollar has also depreciated against the U.S. dollar to a nine-year low.

Transcript

00:00Stock markets are falling sharply here in Asia ahead of more long-threatened U.S. tariffs

00:06that the White House says will apply to all countries.

00:09Taiwan's index closed down 4.2 percent after falling over 7 percent over the past few days of trading.

00:15The country's most valuable stock, chipmaker TSMC, is down 4.41 percent.

00:21The Taiwan dollar also fell against the U.S. dollar to a nine-year low.

00:26In Japan, its stock index briefly fell to its lowest point in over six months.

00:31Anxiety is growing over U.S. President Donald Trump's policy to wipe U.S. trade imbalances using tariffs.

00:37Taiwan, Japan and South Korea all run trade surpluses with the U.S.

00:42Here in Taipei, President Lai Ching-da's office says he is looking into possible response measures

00:47to protect Taiwan's interests and economic stability.

Category

Transcript

Recommended