{"id":71884,"date":"2026-09-16T22:38:18","date_gmt":"2026-09-17T02:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asian-markets-rally-as-taiwan-gains-2-won-hits-multi-week-low-amid-fed-hawkishness\/71884\/"},"modified":"2026-09-16T22:38:18","modified_gmt":"2026-09-17T02:38:18","slug":"asian-markets-rally-as-taiwan-gains-2-won-hits-multi-week-low-amid-fed-hawkishness","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asian-markets-rally-as-taiwan-gains-2-won-hits-multi-week-low-amid-fed-hawkishness\/71884\/","title":{"rendered":"Asian Markets Rally as Taiwan Gains 2%; Won Hits Multi-Week Low Amid Fed Hawkishness"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Taiwanese equities surged over 2%<\/strong>, leading regional gains as market confidence remained high despite global interest rate uncertainty.<\/li>\n<li><strong>The South Korean won (KRW) weakened to 1,384.40 per US dollar<\/strong>, its lowest level since August 27, following a hawkish interest rate hike by the Federal Reserve.<\/li>\n<li><strong>Samsung (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>) reported a 10% increase in Galaxy Z Fold 8 sales<\/strong> in South Korea, benefiting from renewed consumer interest in foldables after Apple&#39;s entry into the category.<\/li>\n<li><strong>SoftBank Group (<a href=\"\/stock\/SFTBY\">SFTBY<\/a>) shares climbed 3%<\/strong>, buoyed by optimism surrounding the planned U.S. listing of its data center unit, SB Energy.<\/li>\n<li><strong>China\u2019s <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> industry stocks plummeted 5%<\/strong> as investors reacted to rising US Treasury yields and a stronger dollar, which dampened the appeal of non-yielding bullion.<\/li>\n<\/ul>\n<h2>Currency Markets and the Federal Reserve<\/h2>\n<p>The <strong>South Korean won<\/strong> dropped to <strong>1,384.40 per US dollar<\/strong> on Thursday, marking its weakest valuation in nearly three weeks. This decline follows the Federal Reserve&#39;s decision to raise borrowing costs and signal at least one more hike by the end of 2026. <em>While the US dollar remains strong, analysts suggest that global tightening by other central banks could eventually cap the greenback&#39;s upward momentum.<\/em><\/p>\n<p>In Japan, the <strong>yen<\/strong> ticked higher as markets began pricing in a more hawkish stance from the <strong>Bank of Japan (BoJ)<\/strong>. Despite the broader strength of the US dollar, expectations are mounting that the BoJ will raise its benchmark interest rate to a 31-year high of 1.25% at its upcoming policy meeting. <em>This shift reflects a growing consensus that Japanese policymakers are ready to move away from decades of ultra-loose monetary policy to combat persistent inflation.<\/em><\/p>\n<h2>Asian Equity Performance<\/h2>\n<p><strong>Taiwan\u2019s stock market<\/strong> outperformed the region, gaining more than <strong>2%<\/strong> during Thursday&#39;s session. The rally was driven by strong fundamentals and a recovery in major tech components, including <strong>TSMC<\/strong>, which successfully recouped its ex-dividend levels shortly after opening.<\/p>\n<p>Shares of <strong>SoftBank Group (<a href=\"\/stock\/SFTBY\">SFTBY<\/a>)<\/strong> rose <strong>3%<\/strong>, extending a rebound from earlier volatility. Investor sentiment was lifted by news that its subsidiary, <strong>SB Energy<\/strong>, is moving forward with a U.S. IPO that could value the unit at up to <strong>$50 billion<\/strong>. <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> has reportedly committed <strong>$1.5 billion<\/strong> to the offering, further validating SoftBank\u2019s aggressive push into AI infrastructure.<\/p>\n<p>In contrast, <strong>China\u2019s gold industry stocks<\/strong> faced a sharp <strong>5% slide<\/strong>, with the <strong>CSI SSH Gold Equity Index<\/strong> opening <strong>1.5% lower<\/strong>. The sell-off was triggered by a decline in spot gold prices, which fell toward <strong>$4,264 an ounce<\/strong> as higher real yields and a hawkish Fed outlook pressured the precious metals sector.<\/p>\n<h2>Corporate and Political Developments<\/h2>\n<p>In the technology sector, <strong>Samsung (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>)<\/strong> saw a roughly <strong>10% increase<\/strong> in domestic sales of the <strong>Galaxy Z Fold 8<\/strong>. Industry experts attribute this growth to the &quot;Apple effect,&quot; where the unveiling of the first foldable iPhone\u2014the <strong>iPhone Duo<\/strong>\u2014validated the foldable form factor and spurred broader consumer demand. <em>Samsung\u2019s focus on reducing device weight and thickness appears to be paying off as it defends its market leadership against Apple&#39;s entry.<\/em><\/p>\n<p>On the political front, Japanese Prime Minister <strong>Sanae Takaichi<\/strong> is set to unveil a reshuffled Cabinet today. Major ministers, including Finance Minister <strong>Satsuki Katayama<\/strong> and Defense Minister <strong>Shinjiro Koizumi<\/strong>, are expected to retain their positions. <em>The move is seen as a signal of policy continuity, particularly regarding Japan\u2019s exchange-rate strategy and fiscal management.<\/em><\/p>\n<h2>Commodities and Global Risks<\/h2>\n<p><strong><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Oil prices<\/a><\/strong> declined on Thursday amid expectations that efforts to contain Middle East supply disruptions could ease pressure on crude markets. Brent crude settled lower as traders weighed the potential for a ceasefire or increased production from other regions to offset the impact of the ongoing conflict.<\/p>\n<p>Meanwhile, scientists have linked a recent catastrophic <strong>glacier collapse in Nepal<\/strong> to rising global temperatures and melting ice. The disaster, which triggered devastating flash floods, serves as a stark reminder of the economic and human costs associated with climate change in the Himalayan region.<\/p>\n<p>In the United States, the <strong>Wall Street Journal<\/strong> reports that states are still waiting for <strong>Covid-19 vaccines for children<\/strong>. The <strong>CDC<\/strong> has yet to begin the ordering process, raising significant concerns over potential rollout delays as the winter season approaches.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Taiwanese equities surged over 2%, leading regional gains as market confidence remained high despite global interest rate uncertainty. 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