Updated at 13:32, Taiwan shares closed at 14170.03 points, down 263.29 points, on revenue of 263.674 billion, and TSMC slumped 9 yuan to close at 457.5 yuan.
The Bank of Japan earlier announced it would adjust its yield curve control plan and raise the upper limit of the 10-year Japanese government bond yield to 0.5%, higher than the previous upper limit of 0.25%. . 260 points in intraday trading, and TSMC fell 11.5 yuan to 455 yuan.
Although the Bank of Japan maintains an extremely loose monetary policy, it has unexpectedly developed yield curve control. As a result, bond yields rose and the yen rebounded sharply. Japanese investors are one of the largest holders of foreign financial assets, which will attract huge amounts of capital to Japan, leading to Taiwan’s stock market crashed, the US stock futures index fell further, and the Nikkei index also turned black , plummeting by more than 600 points.
The world is facing a crisis of high inflation, and the central banks of various countries have followed the US Federal Reserve to raise interest rates. However, Japan still maintains an extremely expansionary negative interest rate policy to support economic development. The only major country in the world that maintains negative interest rates. It has also been reported that the Japanese government Taking advantage of the end of the term of Bank of Japan Governor Haruhiko Kuroda next year, it will substantially adjust the ultra-expansive monetary policy, but this news does not Has been confirmed.
Japan’s ultra-expansionary policy meant that the yen continued to depreciate, repeatedly hitting new lows. The central bank intervened in the market several times without changing monetary policy, and then stopped declining slightly. Now that the bond yield ceiling has been raised, the yen is also up more than 2%.
