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Disposal stocks, although their trading is restricted, are not worthless. What investors truly need to focus on is how to identify genuine investment opportunities under trading constraints.
Core Mechanism of Disposal Stocks: Why Are They "Restricted"
When a stock exhibits abnormal trading activity in the short term—such as excessive price fluctuations, a surge in trading volume, or abnormal turnover rates—the Taiwan Stock Exchange will place it on a special supervision list. These stocks are known as disposal stocks. Essentially, disposal stocks are a temporary measure taken by regulatory authorities to curb excessive speculation and protect investors.
After being designated as disposal stocks, the trading methods of the stock will undergo significant changes. The most direct restrictions include: matching frequency changing from continuous trading to once every 5 or 20 minutes, payment methods changing from T+2 to full amount deposit trading, and suspension of margin trading and securities lending operations. These measures are fundamentally aimed at reducing the stock's liquidity, encouraging market participants to make more rational decisions.
Graded Management of Disposal Stocks

1. What exactly is day trading? Why are investors flocking to it?
Day trading, simply put, is a super short-term trading method of "buying and selling on the same day." In the Taiwanese stock market, such trades already account for nearly 40% of the trading volume, and in the US stock market, due to the T+0 system, it is even a natural day trading paradise.
The main reason investors are enthusiastic about day trading is to avoid overnight risk. The trading hours in Taiwan are from 9:00 AM to 1:30 PM, during which international markets are constantly changing. Major news from the previous night—whether from Hong Kong, Europe, or the US—often causes waves when the market opens the next day. Many investors choose to complete their entries and exits within the same day to avoid these "overnight surprises."
2. The three main attractions and four major pitfalls of day trading
Why engage in day trading?
1. Isolation from systemic risk
Holding stocks overnight means bearing the impact of global market fluctuations. Day trading is different—after the market closes, there are no positions, so

For busy professionals or those lacking time for investment research but with financial management needs, funds are a good choice. This guide will delve into what funds are, their profit mechanisms, cost structures, and how to build a scientific investment portfolio based on your own situation.
What is a fund?
A fund (also known as a securities investment fund) is a form of collective investment. Banks or brokerages issue fund shares to pool the capital of many investors, entrusting professional fund managers to handle investment management, while the fund custodian is responsible for safeguarding the funds. This is an indirect securities investment model that shares risks and rewards.
Depending on the investment target, funds can be mainly divided into five categories: money market funds, bond funds, index funds, hybrid funds, and equity funds.
How do funds help investors make money? Investment process analysis
Step 1: Understand how capital flows
The operation of a fund involves three main participants

December 10, 2025, the Taiwanese dollar against the Japanese yen has reached the 4.85 level, and the popularity of travel to Japan and Japanese yen asset allocation has surged again. But do you know? When exchanging yen, choosing the wrong channel could cost an extra 1,500 to 2,000 NT dollars. This article is based on actual exchange rates and provides an in-depth analysis of the cost differences among Taiwan's four major currency exchange channels, helping you find the most suitable exchange method.
Why is the Japanese yen worth paying attention to? The dual value from daily life to investment
Among foreign currency options in Taiwan, the yen has long held the top position. This is not only because traveling to Japan is common but also due to the yen's central role in daily life and financial markets.
On the lifestyle side, rigid needs include travel shopping (most stores in Tokyo and Kyoto only accept cash, with credit card penetration below 60%), purchasing and online shopping of Japanese goods, and funds preparation for long-term study and working holidays in Japan.
On the investment side, it is even more attractive. The yen is one of the world's three major safe-haven currencies (

Gold has been a symbol of wealth from ancient times to the present. It features characteristics such as high density, strong ductility, and excellent durability. It can serve as currency, be made into jewelry, and be used in industrial applications. Over the past half-century, gold prices have experienced multiple fluctuations but have generally shown a strong upward trend, even reaching new all-time highs in 2025. Will this 50-year upward cycle repeat in the next 50 years? How has the 10-year performance of the gold price chart been? Should gold be considered a long-term asset allocation or a trading tool for short-term fluctuations?
Half a Century of Surge: 120x Increase | The Epic of Gold from $35 to $4,300
In August 1971, U.S. President Nixon announced the suspension of the dollar's convertibility into gold, officially ending the Bretton Woods system. This decision marked a dramatic change in the international financial landscape. Prior to this, gold was fixed at $35 per ounce; today, spot gold has surged to $4,300 per ounce in October 2025.

December 10, 2025, the Taiwanese dollar has soared to 4.85 against the Japanese Yen, making travel abroad and Yen investments very popular. However, many people don't realize that there are many ways to exchange Yen, and just the exchange rate difference can cost you several thousand dollars more. Today, we'll break down the 4 most cost-effective methods to exchange Yen.
Why is it worth exchanging Yen? It's not just for travel
Many people think exchanging Yen is only for visiting Japan. In fact, Yen plays a key role from daily needs to financial investments.
Daily Application Scenarios
People who travel independently to Japan know that although more stores in Tokyo, Osaka, Hokkaido, and Okinawa support card payments, cash is still the mainstream (credit card penetration is only 60%). Besides travel, buying Japanese cosmetics, clothing, and anime merchandise often requires Yen cash. For those planning to study or work holiday in Japan, exchanging Yen in advance can avoid sudden exchange rate fluctuations.
Financial Hedging

What is the New Zealand dollar? Why is it classified as a commodity currency?
The New Zealand dollar (currency code: NZD), also known as the Kiwi, has adopted a floating exchange rate system since 1985, with the Reserve Bank of New Zealand ceasing to publish official buy and sell rates, allowing market forces to drive exchange rate fluctuations. As one of the most traded currencies globally, the NZD/USD ranks among the top ten in international foreign exchange trading.
The Australian dollar and New Zealand dollar are often referred to by market participants as "commodity currencies." Both countries are typical export-oriented economies, with major industries including coal, iron ore, copper, aluminum, wool, and agricultural products. As a result, the exchange rates of the Kiwi and AUD often move in tandem with international commodity prices. New Zealand, in particular, relies heavily on exports of agricultural products, dairy, and wool, which account for more than two-thirds of its total exports.
Analysis of the New Zealand dollar trend: Why has it been continuously declining?
The performance of the New Zealand dollar against the US dollar has faced multiple pressures in recent years.

Silver prices surge to a new all-time high! Driven by expectations of Federal Reserve rate cuts, tight global silver supply, and the United States officially including silver in the critical minerals list, London spot silver broke through the $70 per ounce mark on December 23, 2025, and subsequently reached a historic high of $83.645 per ounce.
This year's silver performance has been outstanding, with an increase of over 140%. Not only does it far outperform gold's gains during the same period, but it also significantly surpasses the Nasdaq Composite Index's approximately 120% performance, making it the most eye-catching asset of 2025.
However, this rapid rise has also attracted regulatory attention. To cool the overheated market, CME has raised silver futures margin requirements twice in a row. The most recent adjustment was announced on December 26, effective from December 29. For example, the initial margin for the March 2026 contract was increased from about $22,000 to $25,000, totaling

U.S. November Consumer Price Index (CPI) unexpectedly declined, with an annual rate of 2.7%, the slowest growth since early 2021, far below market expectations of 3.1%, and core CPI even dropped to 2.6%. This data immediately ignited market speculation about further rate cuts by the Federal Reserve, driving global stock markets higher across the board, but cryptocurrencies showed a different performance.
Global stock markets rise in response, while the crypto market enters a correction
Supported by positive inflation data, the three major U.S. stock indices closed higher on Thursday. The S&P 500 rose 1.16%, ending a recent losing streak; the Nasdaq Composite increased 1.81%, closing at 23,006 points; the Dow Jones Industrial Average gained 0.47%. The VIX volatility index fell sharply by 4.37%, indicating improved market risk appetite.
In contrast, cryptocurrency performance appeared subdued. Bitcoin's 24-hour decline reached 1.25%, with the current price

Financial markets are turbulent today, with gold, crude oil, and currency markets all moving simultaneously, as investors face intense data releases and policy shifts.
Gold and precious metals lead the way, approaching historical highs
Gold prices continue to hit new records, reaching as high as $4,497 per ounce, just a step away from the $4,500 mark. Silver also gains momentum, rising to $70 per ounce, both setting historical records.
Market confidence in gold prospects remains strong, with Yardeni Research raising its 2026 year-end target price to $6,000 per ounce, implying over 25% potential upside in the future. In an environment shrouded in uncertainty, safe-haven funds continue to flow into precious metals.
US GDP determines the next pace, dollar under pressure
Tonight at 21:30, the market will release the US Q3 GDP data. Consensus expects an annualized growth rate of 3.3%, a slowdown from Q2's 3.8%. This

Taipei's financial markets are facing a dual dilemma today. Amid ongoing large-scale withdrawals by foreign investors, the Taiwan stock index once plummeted over 500 points intraday, but closed down 330 points; at the same time, the New Taiwan Dollar (NTD) against the US dollar was also under pressure, breaking through the 31.5 mark in the afternoon and closing at 31.475, a daily depreciation of 9.5 cents, marking the weakest level in nearly seven months. The foreign exchange market's trading volume also expanded to $20.56 billion USD.
Since opening at 31.38, the New Taiwan Dollar has continued to be under pressure today, with dollar buying driven by foreign investors' sell-offs of stocks becoming the main catalyst. Although exporters timely sold foreign exchange to rescue themselves, they ultimately could not withstand the massive capital outflow, causing the NTD to slide toward the 31.5 support level. By midday, it closed at 31.485, with further declines in the afternoon.
The strong momentum of foreign investors is the main reason, making short-term consolidation of the Taiwan dollar inevitable.
Foreign exchange expert Li Qizhan pointed out that the root cause of the simultaneous weakening of the stock and forex markets is precisely the external...

Bitcoin reaches a historic turning point. As the mined quantity hits 19.95 million coins, only a final mile remains before reaching the cap of 21 million. The market is experiencing a fierce collision between scarcity and real-world prices. Meanwhile, the Bitcoin Hyper project built on the Solana ecosystem, with an impressive funding of $28 million, injects new imagination into the sluggish market.
Supply-side turning point: The market logic behind 95% mined
Bitcoin has mined 95.11% of its total supply, with approximately 276,700 coins remaining to be mined. Several key variables are hidden behind this figure:
Realities facing supply:
- Permanently lost bitcoins are estimated to exceed one million (due to early private key loss, technical flaws preventing transfers)
- After the halving in April 2024, the daily issuance will be halved from 900 to 450 coins, continuously decreasing the supply growth rate
- Future liquidity will become increasingly tight, with projections into 2140

Market Focus on OPEC+ Decision, Crude Oil and Safe-Haven Assets Diverge
This weekend, the OPEC+ ministerial meeting is set to take place, with attendees indicating that they expect to maintain the initial plan to suspend production increases until early 2026. According to Reuters, eight OPEC+ member countries (including Saudi Arabia, Russia, the UAE, etc.) have collectively increased production by approximately 2.9 million barrels per day from April to December. It is estimated that in the first quarter of next year, they will hit the brakes and return to the previously agreed framework.
This move has boosted international crude oil market sentiment, with WTI crude oil rising for two consecutive trading days, currently priced at $58.97 per barrel (up 0.72%). Analysts suggest that if OPEC+ confirms the suspension of production increases, it will further support oil prices to stabilize at a mid-term bottom.
Meanwhile, gold, as a traditional safe-haven asset, also performed steadily, closing at $4,157 per ounce (up 0.78%), as investors remain optimistic about the economic outlook.

During Monday's Asian session, the euro against the US dollar showed a moderate upward trend around 1.1645. Market traders are generally focused on the Federal Reserve's policy decision at the December meeting on Wednesday, while signals from the European Central Bank provide additional support for the euro.
Federal Reserve Rate Cut Probability High, US Dollar Faces Correction Pressure
According to market pricing, investors' expectation of a 25 basis point rate cut by the Federal Reserve this week has approached 87%. If this rate cut materializes, the federal funds rate will be further lowered to the 3.75%-4.00% range. However, the risk lies in the possibility that policymakers may adopt a "hawkish" stance on rate cuts, which would support the US dollar and hinder major currency pairs like EUR/USD.
BNY senior market strategist Bob Savage提醒客户，與會官員中鷹派與鴿派聲音預料將有所碰撞，投資者需密切關注新聞發布會及經濟預測"點陣圖"的具體內

In the era of inflation, is your money really losing value?
Have you noticed that prices have been rising especially fast over the past year? Eggs have doubled from 5 to 10 yuan, coffee from 30 to 40 yuan, and the cost of renting a house has been climbing year after year. Mortgage interest rates have soared from 1.31% during the pandemic to 2.2% now. For a mortgage of tens of millions, just the difference in interest rates amounts to 90,000 yuan a year.
This is not an illusion, but a real decline in purchasing power. In this era, not investing is equivalent to passively losing money. But investing is not as complicated as it seems; it all boils down to three core principles: correct mindset, suitable targets, and ample time.
How to start with 100,000? First, understand your cash flow.
Many people reach their first 100,000 yuan and then don't know what to do next. Actually, the first step is not to invest immediately, but to manage your finances like running a company.
Keeping accounts is definitely not a trivial matter. Through bookkeeping, you can clearly see how much your fixed monthly expenses are.

Taiwan stock market fluctuates unpredictably, but a clear stream is quietly emerging—benefiting from the increased demand for power backup systems(BBU) driven by AI computing and data center construction. KabuYu(3323), XingNeng Gao(6558), and XiSheng(3625) all hit the daily limit-up today, with KabuYu even firmly locked at NT$44.65, becoming the most eye-catching group on the recent market.
From selection to necessity, why has BBU become a key infrastructure for data centers?
Speaking of BBU( battery backup systems), many investors might feel unfamiliar. Simply put, it is an emergency power supply device with built-in batteries—when the main power is interrupted, the BBU can activate instantly, providing servers with precious seconds to minutes to save data or shut down safely. In the past, it was just an optional accessory for communication equipment, but now it has become an essential component for data center operations.