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Want to invest in NFTs? First, understand these basic concepts
Many people are still unfamiliar with the concept of NFTs. In simple terms, NFT stands for "Non-Fungible Token," which refers to unique digital assets that cannot be exchanged on a one-to-one basis, such as digital art, game characters, virtual real estate, and more.
The counterpart to NFTs is "Fungible Tokens" (FT), like Bitcoin (BTC), Ethereum (ETH), etc., which are completely interchangeable. For example: one BTC is indistinguishable from another BTC, but an NFT (such as a unique piece of art) is entirely different from other NFTs.
Both NFTs and FTs are crypto assets issued based on blockchain technology. NFTs typically adopt standards like ERC-721, ERC-1155, while FTs use standards like ERC-20, BEP-20.

This week's market rebounded due to dovish policy signals, with the probability of rate cuts rising significantly, but consumer confidence remains subdued, and crypto funds face redemption pressures. Falling oil prices have triggered concerns about a second oil crisis, and the lack of economic data has increased uncertainty. The market is struggling between optimistic policies and pessimistic economic outlooks.

The global financial markets are currently in a correction phase, with stocks in the US and Europe generally declining. The number of Americans filing for initial unemployment benefits unexpectedly increased, indicating signs of weakness in the labor market. Bank of America warns of a potential stock market pullback and expresses concerns over AI valuations of Tech Stocks. The market is focused on the possibility of a Federal Reserve policy shift and the new chairman candidate. Gold prices are expected to rise supported by central bank gold purchases, with related economic data to be released gradually, influencing market trends.

U.S. economic data boosts market confidence, and the Taiwan stock market surged to 27,063 points. The Federal Reserve's interest rate cut expectations and active Tech Stocks jointly drove the Taiwan market higher. Technical analysis shows a V-shaped reversal, with capital flowing into small and mid-cap stocks. Watching the Federal Reserve personnel changes and U.S. retail data will influence the future market trend, and investors should focus on mainstream themes.

The US stock market fluctuations often serve as a barometer for the global financial markets. When the US stocks undergo significant adjustments, not only do American investors need to rethink their strategies, but investors in Taiwan must also face shocks from the international markets. This article will analyze the mechanisms behind the sharp decline in US stocks, the cross-border transmission pathways, and how investors should respond to market changes.
Typical Cases and Long-term Patterns of Major US Stock Corrections
Looking back over the past century of financial history, the US stock market has experienced multiple major adjustments, each reflecting different market imbalances:
| Historical Period | Decline Magnitude | Key Trigger Factors | Market Recovery Status |
|---------------------|-------------------|---------------------|------------------------|
| 1929-1933 Great Depression | Dow Jones plummeted 89% | Speculative bubble burst, improper trade policies |

This week's market focus is on the divergence between the Federal Reserve's rate cut expectations and government bond yields. Bitcoin remains above $90,000, demonstrating resilience; gold and silver are consolidating at high levels, indicating a stalemate in risk aversion sentiment. USD/JPY faces trendline resistance, and investors should pay attention to key central bank policy signals and technical level changes across assets.

When investing in stocks, the Price-to-Earnings ratio (P/E ratio) is a key tool for assessing whether a company's stock price is reasonable. Many professional investors use the P/E ratio to gauge a stock's value and decide when to buy or sell. What exactly does the P/E ratio do? How is it calculated? What do high and low values signify? This article will give you a comprehensive understanding of this essential investment indicator.
What does the P/E ratio actually measure
The P/E ratio (also called Price-to-Earnings or PER) is fundamentally: how many years of a company's net profit are needed to equal its current market capitalization. In other words, it shows how many years it would take for the company's profits to recover the initial investment if you buy the stock today.
For example, if TSMC's P/E ratio is 13, it means the company needs 13 years of profits to reach its current market value. It also implies that after purchasing TSMC stock, it would take about 13 years to fully recover your investment through the company's earnings.

The Taiwanese dollar surges in the short term. How far can this appreciation go?
Recently, the New Taiwan dollar exchange rate has experienced unprecedented volatility in decades. On May 2nd, it skyrocketed by 5% in a single day, marking the largest single-day gain in 40 years. Then on May 5th, it broke through the psychological barrier of 30 yuan, with a total increase of nearly 10% over two days. Such an aggressive trend is unique among Asian currencies — the Singapore dollar rose by 1.41%, the Japanese yen by 1.5%, and the Korean won by 3.8%, all far less remarkable than the Taiwanese dollar.
To understand the potential and risks of this wave of Taiwanese dollar appreciation, we must first understand the three main driving forces behind it.
【Complete Analysis of the Taiwanese Dollar Appreciation】How Three Major Factors Are Triggering a Forex Market Storm
Trump’s Tariff Policy as the Catalyst
U.S. President Trump announced that the retaliatory tariffs would be delayed by 90 days. The market immediately formed two expectations: on one hand, a global wave of centralized procurement would be triggered; Taiwan, as a typical export-oriented economy (with net foreign investment accounting for up to 165% of GDP)

This article discusses the head and shoulders bottom and head and shoulders top patterns in technical analysis, which respectively represent market reversal from weakness and strength. The formation of the head and shoulders bottom includes the left shoulder, head, and right shoulder, emphasizing the increasing buying power. Conversely, the head and shoulders top indicates a market reversal, with stock prices reaching new highs but buying volume decreasing, signaling the start of a downtrend. The article reminds investors to pay attention to fundamental changes and risk management; technical patterns are not absolute indicators and should be combined with other analyses to improve success rates.

There is an ancient legend in the Taiwan stock market——making a big profit through next-day trading. Every year, newcomers are attracted to try to replicate the success stories of big players. But how exactly does next-day trading work? Is there really a foolproof method? This article will dissect the core logic of this short-term trading strategy to help traders understand the risks and opportunities involved.
Understanding Next-Day Trading: Definition and Operating Principles
Next-day trading refers to the short-term operation method of buying (or selling) stocks, warrants, and other financial products within the same day, then closing the position the next day. The core of this trading strategy is to capture overnight price fluctuations and pursue short-term profits.
Unlike traditional long-term holding, next-day trading has three main characteristics:
First, the profit cycle is extremely short. Compared to passive investing through buying and holding, next-day traders can complete the entire buy-sell cycle within a trading day, quickly liquidating their funds. This is attractive to investors who want to improve capital efficiency.

There are two types of dividends, and choosing the wrong one can lead to significant losses
After a listed company makes a profit, besides using it to pay off debt and cover losses, what should be done with the remaining profit? Most will return it to shareholders, which is called dividend distribution. However, there are two ways to distribute dividends—stock dividends and cash dividends. These two methods may seem similar, but they have very different impacts on investors.
What are stock dividends? How to choose?
Stock dividends mean the company directly gives shareholders additional shares, increasing your shareholding. For example, if you hold 1,000 shares and the company decides to issue 1 share for every 10 shares held (a profit-sharing ratio of 1:10), you will receive an additional 100 shares, bringing your total to 1,100 shares.
Cash dividends, on the other hand, are actual cash paid out by the company. If you also hold 1,000 shares and the company decides to pay 5 yuan per share, you will receive 5,000 yuan (possibly less after taxes).
Why does the company choose one over the other?

The Japanese Yen exchange rate has appreciated by 8.7% this year, and the TWD to JPY exchange rate has already surged to 4.85. Want to exchange for Japanese Yen? Instead of blindly rushing to the bank, it's better to understand the 4 most cost-effective methods—because the same 50,000 TWD can differ by up to 1,700 TWD depending on the channel.
Is 2025 a good time to exchange for Japanese Yen?
The timing is indeed quite favorable. At the beginning of the year, the TWD to JPY rate was only 4.46, and now it has appreciated by 8.7% cumulatively, which has already yielded significant returns for investors holding JPY. More importantly, the Bank of Japan (BOJ) is about to raise interest rates—Governor Ueda Kazuo recently made hawkish comments, pushing market expectations of a rate hike to 80%. The December 19 meeting is expected to raise rates by 0.25 basis points to 0.75% (a 30-year high), with Japanese government bond yields reaching a 17-year high of 1.93%.
Simultaneously, observing the global currency market, the USD/JPY has fallen from a high of 160 at the start of the year to around 154.58. In the short term, it may fluctuate back to 155, but in the medium to long term

In the field of technical analysis, the Head and Shoulders Top pattern and the Head and Shoulders Bottom pattern are two of the most classic reversal signals. Whether you want to accurately grasp the selling point or find the ideal buying opportunity, mastering the core logic of these two patterns is crucial. This article will explore from price behavior, psychological game theory, and practical operations to help you understand how to identify and utilize these patterns.
Head and Shoulders Top: The Turning Point from Uptrend to Downtrend
Nature of the Pattern
The Head and Shoulders Top pattern consists of three relatively high points—left shoulder, head, and right shoulder. When the price rises for the third time without breaking through the previous high, this classic bearish pattern is formed. It signals that the upward trend's strength is waning and selling pressure is about to dominate the market.
Three Stages of Price and Psychological Game
Left Shoulder Stage: Profit-taking begins to emerge
After reaching a high point during the first wave of rise, holders start to sell off in batches. Some investors believe there is still room for further increase

December 19th is this year's last "Triple Witching" day, with approximately $7.1 trillion in options contracts expiring, leading to a surge in trading volume. The key support level at 6800 points for the S&P 500 index is under scrutiny. The correlation between Bitcoin and the US stock market has strengthened and is influenced by the Bank of Japan's interest rate hike. Market risk factors are intensifying, and traders should pay attention to liquidity changes and risk management.

USD/JPY fell to 154.66 on December 1st, marking the recent lowest level. The driving force behind this is the strong hawkish signal released by Bank of Japan Governor Kazuo Ueda — he stated that he will carefully evaluate the pros and cons of a rate hike in December. This statement triggered market expectations, with overnight index swaps showing that the market's bet on a December rate hike by the Bank of Japan has surpassed 80%.
Ueda's "Preview" Sparks Multiple Interpretations
This time, the central bank governor's remarks have elicited different reactions on Wall Street. Economists at Crédit Agricole Paris Bank directly stated that Ueda's speech is almost equivalent to announcing that a December rate hike is a certainty. Analysts from Barclays and JPMorgan also significantly moved up the timing of the rate hike from the originally scheduled January 2026 to December.
However, not all voices are optimistic. Goldman Sachs maintains a cautious stance, believing that the Bank of Japan may still need to observe more corporate wage growth data, 2

The Australian dollar has continued to weaken over the past decade, mainly influenced by the global strong dollar cycle, changes in China's economic demand, and the Reserve Bank of Australia's policy. Future exchange rate trends will depend on interest rate policies, commodity prices, and global risk sentiment. Before 2026, the Australian dollar may fluctuate between 0.68 and 0.70, and a rebound will require meeting multiple conditions.

Is it now cost-effective to exchange for Japanese Yen? The chance of an 8.7% appreciation in one year
As of December 10, 2025, the NT dollar to Japanese Yen exchange rate is approximately 4.85, up from 4.46 at the beginning of the year, an appreciation of about 8.7%. This means that whether you're planning to travel or shop in Japan, or want to leverage the NT dollar depreciation to allocate assets, exchanging for Yen has become a popular choice among many Taiwanese.
According to the latest data, Taiwan's foreign exchange demand in the second half of the year has increased by 25%, mainly driven by the recovery in tourism and risk hedging. But whether it's cost-effective depends on choosing the right exchange channels—using the same 50,000 TWD through different methods can result in cost differences of over 1,500.
Why exchange for Yen? It's not just about traveling abroad
Travel, shopping, what to bring to Japan
Whether it's shopping in Shibuya, Tokyo, exploring Shinsaibashi in Osaka, skiing in Hokkaido, or vacationing in Okinawa, most Japanese merchants still rely on cash transactions (credit card penetration is only 60%).