“双杀”！台湾，突发！

Core Viewpoint - The Taiwanese financial market is experiencing significant volatility, with the stock market and currency both facing sharp declines due to intervention by regulatory authorities and external pressures [1][4]. Group 1: Stock Market Performance - On June 30, the Taiwan Weighted Index fell sharply by 1.44%, closing down over 324.06 points, with a trading volume of approximately 354.2 billion TWD [3][4]. - The index has breached the annual line of 22,263 points, indicating a bearish trend, and exhibited a notable sell-off towards the end of the trading session [3][4]. - Foreign investors sold a net of 4.534 billion TWD in the market, contributing to the downward pressure on the stock index [3]. Group 2: Currency Market Dynamics - The New Taiwan Dollar (TWD) experienced a significant depreciation, dropping 2.5% to 29.895 against the USD, marking the largest intraday decline since May 2001 [1][4]. - The Taiwanese authorities intervened in the foreign exchange market, buying USD to counteract the TWD's strength, which had been a concern for the local market [1][4]. - The TWD has appreciated over 10% against the USD this year, with a record single-day increase not seen since 1980, leading to speculation and pressure on exports [4]. Group 3: Regulatory Actions and Market Sentiment - Taiwanese authorities have implemented measures to limit foreign speculative investments in reverse ETFs, capping foreign holdings at 30% of the total issuance [4]. - There is a growing concern among analysts regarding the potential impact of U.S. economic policies, such as the "equal tariff" and Federal Reserve interest rate decisions, on the Taiwanese market [4][6]. - The foreign short positions in Taiwan stock index futures have reached a historical high of 53,159 contracts, indicating a bearish sentiment among foreign investors [6].