TSMC(US:TSM) Jin Shi Shu Ju·2025-05-06 02:42Group 1 - The Hong Kong Monetary Authority (HKMA) continues to buy US dollars to defend the currency peg, injecting HKD 60.543 billion due to the prolonged strong side of the peg at 7.75 against the USD [2] - Since last Friday, the HKMA has absorbed USD 7.812 billion in sell orders, raising the banking system's balance to HKD 161.384 billion [2] - The HKMA's total injections since last week amount to HKD 116.614 billion, with the recent interventions attributed to the weakening USD and concerns over trade agreements [2] Group 2 - The New Taiwan Dollar (TWD) experienced its largest increase since 1988, rising by 5% on Monday, prompting local authorities to address speculation about the currency's surge [3] - Taiwan's trade negotiation office clarified that the US did not request the TWD to appreciate, and recent negotiations did not involve foreign exchange policy [4] - Concerns among local exporters regarding the TWD's strength are rising, particularly affecting companies like TSMC, which saw a 1.3% drop in stock price [4] Group 3 - Taiwanese insurance companies hold approximately TWD 575 billion in US government bonds, with many lacking adequate hedging against a weakening USD, leading to potential losses [5] - The recent surge in TWD has led to a significant increase in trading volume, reaching the highest levels since the 2008 financial crisis [4] - Taiwan has been placed on the US Treasury's currency monitoring list, and the TWD's appreciation may be viewed as a bargaining chip in trade negotiations [8]