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Amid increasing global economic uncertainty, gold prices recently broke through $4500 due to rising investor demand for safe-haven assets. Poor US economic data and expectations of a Federal Reserve rate cut have led funds to flow into gold, further driving up prices and confirming its status as a safe asset.

Returns on Investing in Stocks
Public companies typically reward shareholders after turning a profit, which is called dividend distribution. There are two main ways to distribute dividends: one is to pay out cash directly, known as cash dividends; the other is to issue additional shares to shareholders, known as stock dividends or bonus shares. The company's choice of method depends on its financial situation. Distributing cash dividends requires the company to have sufficient cash flow, while issuing stock dividends has relatively lenient conditions, as long as the distribution criteria are met.
Whether shareholders can participate in the dividend depends on the record date. As long as they hold the company's stock on or before this date, they are entitled to receive the dividend for this period. The ex-dividend and ex-rights date is the trading day after the record date; stocks purchased on this day or later are not eligible for this period's distribution.
How much is 1 yuan of stock dividend? Detailed calculation method
Cash Dividend Calculation
Suppose an investor holds 1,000 shares of a company, and the company decides to distribute a cash dividend of 5.2 yuan per share, then:

In the eternal cycle of the capital markets, no one can escape the test of a bear market. But true investors do not avoid bear markets; instead, they understand what a bear market means, grasp its规律, and look for opportunities when others are panicking.
What is a bear market? Understand its true meaning in one minute.
A bear market (Bear Market) is very simple: when asset prices fall more than 20% from their high points, it enters a bear market state.
This is not just a stock phenomenon. Bear markets can occur in any asset—stocks, bonds, cryptocurrencies, real estate, commodities—all of which may experience this systemic price plunge.
Conversely, when asset prices rise more than 20% from their lows, it is called a bull market (Bull Market).
It is important to note that a bear market is not the same as a "market correction." A market correction is a short-term adjustment where stock prices fall 10% to 20% from their highs, occurring frequently and lasting for a very short period.

What makes the US Dollar Index key? An analysis of the underlying logic
The USD to CNY exchange rate is not independent; it is influenced by the US dollar's position in the global monetary system. To understand this, one must first recognize the essence of the US Dollar Index.
The US Dollar Index is compiled based on the exchange rates of six major international currencies (Euro, Yen, Pound Sterling, Canadian Dollar, Swedish Krona, and Swiss Franc) against the US dollar. The movement of this index reflects the strength or weakness of the dollar relative to these currencies. It is important to note that the direction of the USD Index does not solely result from the policies of a single central bank but is a comprehensive reflection of the monetary policy battles among multiple countries.
Taking EUR/USD as an example, this currency pair exhibits an almost opposite trend to the USD Index. When expectations of Fed rate cuts increase and the European Central Bank tightens its policies, the euro tends to appreciate, which in turn drags the USD Index down. This chain reaction ultimately also influences the USD to CNY exchange rate.

Supply Chain Companies Ride the Wind
Entering the second half of 2024, NVIDIA’s stock price has shown significant volatility. The company's market value reached a peak of $3.34 trillion in mid-June, temporarily surpassing Apple and Microsoft to become the world's most valuable company. Subsequently, the stock price adjusted, declining over 20% by the end of June, erasing nearly $800 billion in market value within half a month. However, after hitting bottom in early August, NVIDIA’s stock recovered its upward trend, rising 25% in October alone, with the stock price returning above $134.
Along with the rising popularity of the NVIDIA concept, the collective performance of its upstream and downstream supply chain companies has also improved. Global chip manufacturing leader TSMC (2330.TW) achieved a record consolidated revenue in September, reaching NT$251.87 billion, a significant year-on-year increase of 39.6%. Semiconductor packaging and testing company ASE Technology Holding (3711.TW) also posted its highest revenue in 11 months in the same month, reaching NT$55.579 billion.

What is bottom-fishing? Why is it worth learning
Many people’s understanding of investing stops at "buying quality stocks for dividends" or "following the momentum of strong stocks," but there is a group of people in the market playing a completely different game—they focus on stocks that have been severely mispriced and wait for them to rebound. This is bottom-fishing.
Simply put, bottom-fishing means buying when the stock price hits the bottom, expecting a short-term rebound for profit. But it’s not just about "picking up bargains"; it involves multi-layered judgment using data, technical analysis, and market sentiment to precisely identify entry points.
The biggest difference between bottom-fishing and long-term value investing lies in the time cycle. You’re not betting on how much a company will be worth in 5 years, but predicting the rebound potential over the next few days or weeks. Because of this, bottom-fishing emphasizes high win rates, short cycles, and frequent trading.
Two core conditions for bottom-fishing
Not all undervalued targets are suitable for bottom-fishing; only stocks that meet the following conditions are worth taking action on:
Conditions

The Chinese Renminbi has recently appreciated strongly, with the USD/CNY exchange rate hitting new lows, reflecting expectations of Federal Reserve rate cuts and China's efforts to promote the internationalization of the Renminbi. Data shows that the Renminbi exchange rate has risen to a high point, with international trading volume significantly increasing. Policy guidance and market expectations adjustments are supporting the Renminbi's appreciation, and the internationalization process is expected to accelerate in the future. Goldman Sachs predicts that the exchange rate will reach 7 yuan by the end of the year, indicating an enhanced role for the Renminbi in the global financial system.

The deviation rate is a quantitative indicator of the extent to which the price deviates from the moving average line, helping investors determine whether short-term assets are excessively overbought or oversold. Calculating the deviation rate requires referencing moving averages of different periods, combined with market conditions to identify buy and sell points. Attention should be paid to its lagging nature and applicability. It is recommended to use it in conjunction with other indicators to improve trading efficiency.

In the increasingly diversified landscape of asset allocation, cryptocurrencies have attracted more and more investors with their high liquidity and market potential. However, faced with thousands of virtual currencies, choosing which ones to invest in has become a primary challenge. This article will delve into the mainstream market projects, investment logic, and trading strategies to help you identify the most promising cryptocurrencies.
Core Logic of Cryptocurrency Investment: Market Cycles Determine Strategy
The alternating patterns of bull and bear markets dictate the adjustment of investment strategies. There is a classic saying: "In a bull market, chase altcoins; in a bear market, accumulate mainstream coins." The underlying logic is straightforward:
During a bull market, altcoins have greater upside potential — because of higher growth multiples, but also higher risks. Mainstream coins, due to their large base, have relatively limited gains.
During a bear market, mainstream coins are more resilient — supported by ecosystems and large capital inflows, rarely going to zero. Altcoins, on the other hand, are more susceptible to being "liquidated," with risks skyrocketing.
Therefore, choosing investment targets

Review of the RMB Trend in 2025
The RMB exchange rate in 2025 showed clear signs of reversal. Throughout the year, the USD to RMB exchange rate fluctuated between 7.1 and 7.3, appreciating a total of 2.40%, breaking the three-year depreciation trend from 2022 to 2024. In the offshore market, the USD to offshore RMB range was slightly wider (7.1-7.4), with an appreciation of 2.80%. This difference reflects the offshore market's higher sensitivity to international factors.
In late November, driven by easing US-China relations and rising expectations of Federal Reserve rate cuts, the RMB appreciated against the USD, reaching a low of 7.0765, the highest in nearly a year. This turning point undoubtedly attracted widespread market attention.
In the first half of the year, the RMB faced pressure mainly due to global tariff policy uncertainties and a strong US dollar index. The offshore RMB once fell below 7.40, and the USD to RMB exchange rate even hit a 20-year high.

The US Dollar Index recently signaled renewed pressure. On December 3rd, it quoted at 99.24, marking the ninth consecutive trading day of decline with a drop of 0.08%. Meanwhile, the Euro against the US Dollar (EUR/USD) has been on an eighth-day upward trend, with the latest quote reaching 1.1637, indicating a strong momentum.
Historical patterns reveal a weak US dollar trend in December
Reviewing data from the past 10 years, the US Dollar Index shows a clear seasonal decline in December. Statistics indicate that in the past 10 years, the dollar index has fallen in 8 of those Decembers, with a probability of decline as high as 80%, and an average drop of about 0.91%, making it the weakest month of the year. Based on this historical pattern, market participants generally expect the dollar to underperform this month.
Federal Reserve rate cut expectations ignite dollar bearishness
The fundamental reason for the dollar's pressure points to the Federal Reserve's policy stance. According to real-time data from the CME FedWatch Tool, the market currently expects the Federal Reserve

The fundamental drivers of the US dollar's appreciation are waning
To understand the recent strong rebound of the New Taiwan dollar, we must first see why the US dollar has sharply retreated from its high levels. Over the past period, the main reason for the dollar's continued appreciation was the hawkish stance of the Federal Reserve—expectations of ongoing rate hikes led to large capital inflows into dollar assets. However, this situation has instantly reversed in the face of recent dovish signals from Federal Reserve officials. Market expectations for a rate cut in December have increased, directly impacting the attractiveness of the dollar, with the dollar index falling from its high to around 100.16, and the upward momentum clearly weakening.
Asian currencies finally get a chance to breathe
As the reasons for the dollar's appreciation weaken, major Asian currencies such as the Japanese yen and South Korean won have room to rebound. The New Taiwan dollar performed particularly well today, opening at 31.42 and quickly rising to 31.405, an appreciation of 4.2 cents. The market was once again excited, saying "hot money is finally willing to come in."

Policy intervention signals push up the short-term yen
Japanese Finance Minister Satsuki Katayama issued the strongest warning to date last week, stating that the government will take measures as necessary to address excessive volatility and disorderly market movements. This statement immediately sparked market concerns about official intervention. Cabinet member Takumi Aida quickly emphasized that Japan can actively intervene in the foreign exchange market to mitigate the impact of yen weakness on the economy. Stimulated by these signals, the yen (JPY) experienced brief support during Tuesday's Asian trading session, and short positions became more cautious.
However, the upward momentum driven by policy rhetoric may be difficult to sustain. On one hand, mixed signals from Federal Reserve officials have weakened the dollar (USD) rally, putting pressure on the USD/JPY currency pair. On the other hand, fundamental factors pose fundamental constraints on the yen's appreciation prospects.
Deteriorating fiscal conditions and central bank policy uncertainties exert dual pressure
Japan's Cabinet approved a budget of 213 trillion