Have you ever wondered why the US stock market suddenly halts trading during significant declines? The logic behind this is actually quite simple—when people fall into collective panic, rationality is often overwhelmed by emotion. The circuit breaker mechanism in the US stock market is designed to hit the pause button during such moments, giving investors a chance to breathe and think.
When does the market trigger an "emergency stop"?
The operation logic of the US stock market circuit breaker (Circuit Breaker) is straightforward: when the S&P 500 index drops by a certain percentage compared to the previous trading day's closing price, trading will be paused. Specifically, there are three trigger levels:
First line of defense (Level 1 Circuit Breaker): When the decline reaches 7%, all stock trading is paused for 15 minutes. However, if this decline occurs near the end of the trading day (after 15:25), trading will continue.
Second line of defense (Level 2 Circuit Breaker): If within the same trading day the index drops another 13%, then

The article discusses the recent rebound of the Chinese stock market and its future investment potential, highlighting factors such as policy support, corporate earnings growth, and AI applications driving the market. Although institutional forecasts suggest room for upward movement in A-shares, potential risks still exist, as the gains are mainly driven by valuation expansion rather than fundamental improvements. For Taiwanese investors, it is important to choose brokers carefully and pay attention to risk management.

Although the British pound has recently experienced a slight rebound, it faces severe challenges, and many investment banks hold a cautious outlook on its prospects. The lack of fundamental support and ongoing fiscal vulnerabilities keep market sentiment weak. While the central bank's interest rate cuts may stimulate the economy, if growth prospects do not improve, the pound's rally is unlikely to last.

The core of trend trading lies in following market trends and seeking profits, rather than aiming for the lowest buy-in and highest sell-out. Its advantage is that it does not require precise judgment of market extremes, but the challenge is to confirm the trend and avoid false signals. Successful trend trading relies on careful observation and discipline, as well as flexible use of technical indicators for entry and exit decisions. By patiently waiting and following market signals, traders can achieve steady profits amid volatility.

The NT dollar to Japanese Yen has reached the 4.85 level. Want to exchange for Yen but don't know where to start? This article summarizes the latest 4 currency exchange methods, real-time rates, and applicable scenarios to help you avoid detours and unnecessary expenses.
Why is it worth exchanging for Yen? A comprehensive analysis from daily life to investment
Many people think that exchanging for Yen is just for traveling abroad, but in fact, Yen has become a multifunctional asset in Taiwan.
Daily application aspects
- Travel expenses: Japanese stores have a cash acceptance rate of over 95%, especially in remote islands and rural areas where credit card use is limited
- Purchasing and online shopping: Buying Japanese cosmetics, electronics, and anime merchandise often requires direct settlement in Yen
- Studying abroad and work: Long-term stay in Japan; exchanging currency in advance can avoid temporary exchange rate fluctuations
Investment considerations
The Yen is one of the world's three major safe-haven currencies (along with the US dollar and Swiss franc). Japan's economy is stable, and the government has low debt; during market risk increases, capital tends to flow into Yen

As of October 2025, international gold prices have surpassed $4,300 per ounce, setting a new historical high. In a global economic environment facing uncertainty and increased stock market volatility, more and more investors are turning their attention to the gold market. This article will delve into the core logic of gold investment, the advantages and disadvantages of various investment tools, and practical operational suggestions.
Why has gold become an essential investment?
Preservation of Purchasing Power: Against Hidden Inflation
The economic phenomena of the past five years tell us a harsh truth: price increases far outpace wage growth. After the outbreak of the pandemic in 2020, global central banks issued大量货币刺激经济, and inflation expectations soared. Gold performed remarkably during this period — rising from $1,500 at the beginning of 2020 to nearly $4,000 in 2025, with a cumulative increase of over 160%.
The logic behind this is simple: gold is a tangible asset, and its purchasing power resistance far exceeds that of paper

December 10, 2025, the exchange rate of New Taiwan Dollar to Japanese Yen reached 4.85, with travel to Japan and Yen investment demand continuing to rise. But do you really know how to exchange Yen in the most cost-effective way? Today, we will explain four currency exchange methods to you all at once, helping you save unnecessary expenses.
Why is the Yen worth exchanging? Three main reasons
Many people think exchanging Yen is just for traveling to Japan, but in fact, the value of Yen goes far beyond your imagination.
Travel and daily necessities
Although Japan has a credit card penetration rate of 60%, most small shops, attractions, and public transportation still only accept cash. Whether it's shopping in Ginza, Osaka Dotonbori cuisine, skiing in Hokkaido, or vacationing in Okinawa, cash is essential. Additionally, many purchasing groups, Japanese online shopping enthusiasts, and even international students need to pay directly in Yen, and students need to plan their currency exchange in advance to avoid sudden fluctuations.
Global safe-haven currency status
The Yen is ranked alongside the US Dollar and Swiss Franc as one of the three major safe-haven currencies.

Taiwan dollar depreciation, Japanese yen appreciation, leading to a surge in people exchanging for yen by the end of 2025. But do you know? Exchanging 50,000 TWD through the wrong channel could cost you an extra 2,000 TWD—equivalent to a month's worth of coffee money.
Today, we won't beat around the bush. We'll directly calculate with actual rates: at banks, online apps, foreign currency ATMs, airport reservations—what's the most cost-effective, and when should you act.
Four ways to exchange new yen bills, with significant cost differences
Method ①: Bank counter exchange of new bills (the most traditional but the most expensive)
Bring cash TWD directly to the bank or airport counter to exchange for new yen bills on the spot. It sounds safest, but in reality, it's the most costly option.
The key issue is the "cash selling exchange rate." Banks do not offer the best rates from the international market; instead, they add a markup based on the cost of cash settlement—usually 1-2% above the spot rate. For example, according to Taiwan Bank's rate on December 10, 2025, the cash selling rate is approximately 0

The wave of NT dollar depreciation continues, with the Japanese yen exchange rate rising from 4.46 at the beginning of the year to 4.85 in December 2025, an accumulated appreciation of 8.7%. Many people are asking: Is it really cost-effective to exchange yen now? The answer is yes, but the premise is that you choose the right currency exchange method. Just selecting different channels can result in cost differences of over 1,000 yuan, enough to cover a month of bubble tea.
Is it cost-effective to exchange yen now? Timing analysis
In the second half of 2025, Taiwan's currency exchange demand increased by 25%, mainly driven by three factors: tourism recovery, hedging strategies, and arbitrage opportunities.
Looking at the exchange rate trend, the yen, as one of the world's three major safe-haven currencies (alongside the US dollar and Swiss franc), has inherent value preservation properties. The Bank of Japan Governor Ueda Kazuo recently made hawkish comments, pushing up the rate hike expectation to 80%, with a projected 0.25 percentage point increase to 0.75% at the December 19 meeting (a 30-year high). Japanese bond yields have already reached 1

Gold prices continue to rise in 2024, mainly driven by policy uncertainty, changing interest rate expectations, and increased holdings by global central banks. Although the market is adjusting, experts remain optimistic about future gold price performance. Investors should choose strategies based on their own circumstances and pay attention to gold's volatility and risk management.

Global inflation continues to rise, and the risk of US dollar depreciation is becoming increasingly apparent. Finding financial strategies to combat inflation has become an urgent matter. For newcomers just entering the workforce, with limited salaries and rising living expenses, how to make the limited funds in hand grow steadily has become a focus of many.
Common questions include: Can small amounts of capital really generate returns? What methods can quickly increase funds? With so many investment platforms on the market, how can one distinguish which are trustworthy? This article will reveal diversified small-scale investment strategies for friends with limited funds, introduce highly-rated investment tools and apps, and help you start your investment journey easily with amounts as low as 1,000 yuan or even less.
Monthly savings of 1,000 yuan investment options: 6 suitable financial management methods for small investors
Small-scale investing involves allocating limited funds for financial planning. Traditionally, many people prefer to keep their money in banks, which is safe and reliable, but bank deposits

In financial markets, the primary challenge for investors is how to accurately determine the direction of price movements. Many traders employ different analysis methods—some rely on technical indicators, others focus on candlestick patterns, while trend line analysis has become an essential tool for professional traders due to its intuitive practicality. Trend lines are not only a powerful means to judge market direction but also a key to identifying buy and sell opportunities and risk turning points.
Understanding the Core Definition and Function of Trend Lines
A trend line is essentially a straight line connecting specific points on a price sequence, used to identify whether an asset's price is rising, falling, or consolidating within a range. This line is manually drawn by analysts based on the characteristics of price fluctuations, formed by connecting lows or highs over a certain period.
The main functions of trend lines are reflected in three aspects: first, they clearly identify the current market structure—whether it shows upward momentum, downward momentum, or sideways consolidation; second, they provide specific

Shengda Technology (3491) stock price repeatedly hits new highs, with November revenue reaching NT$285 million, a 48% year-over-year increase, indicating strong profit momentum. The low Earth orbit satellite business has become the main growth engine, accounting for 64.5%, and holds NT$1 billion in orders, which is expected to promote sustained future growth. The overall fundamentals are positive, and the outlook is optimistic.

Opening the Curtain: Comparing the Costs of 4 Different Methods
To quickly determine which currency exchange method is the smartest, just look at this table: using NT$50,000 as an example, exchanging at the counter results in a loss of NT$1,500-2,000, while online currency settlement only costs NT$300-800. If your budget is between NT$50,000 and NT$200,000, the "Online Settlement + Foreign Currency ATM" hybrid method is the most cost-effective combination.
| Exchange Method | Cost (NT$50,000) | Operation Time | Suitable Scenario |
|-----------------|------------------|----------------|-------------------|
| Counter Exchange | NT$1,500-2,000 | Weekdays 9:00-15:30 | Urgent airport needs |
| Online Exchange | NT$500-1,000 | 24 hours | Forex investment, phased entry |

Australia's latest household expenditure and consumer price index data show strong domestic demand and persistent high inflation, leading to a surge in market expectations for the central bank to raise interest rates. Experts predict that rate hikes next year are a certainty, and the Australian dollar will appreciate accordingly. Related institutions forecast that by 2026, the AUD/USD will rise to between 0.67 and 0.71, further enhancing its attractiveness.

Fractional share investing has become a gateway for many small investors to enter the stock market. Unlike traditional whole share trading, fractional shares allow investors with limited funds to participate in popular stocks, but there are many nuances to consider. This article will delve into the trading mechanisms, cost structures, and practical tips for fractional shares, helping you make smarter investment decisions.
What are fractional shares? Why do they exist?
In the Taiwan stock market, the minimum unit for whole share trading is "1 lot," which equals 1,000 shares. However, investors sometimes hold stock fragments of less than 1,000 shares, known as fractional shares. The minimum trading unit for fractional shares is 1 share, and buy/sell orders cannot exceed 999 shares.
There are various reasons for the existence of fractional shares. The most common situation is that an investor's order is not fully executed—possibly due to rapid stock price fluctuations or the transaction volume not reaching the desired amount but exceeding the order price. Additionally, during corporate dividend distributions or stock rights offerings, the number of shares cannot be fully