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The background of the aviation industry's recovery: Why is now a good time to pay attention to airline stocks?
After a historic loss of $140 billion during the pandemic, the airline industry officially turned profitable in 2023. According to estimates from the International Air Transport Association (IATA), global passenger numbers are expected to surpass pre-pandemic levels for the first time in 2025. By 2040, demand for air travel is projected to double from 4 billion to approximately 8 billion passengers, with an average annual growth rate of 3.4%. This optimistic outlook has attracted traditional skeptical investors like Warren Buffett, with Berkshire Hathaway establishing significant holdings in Delta Air Lines (DAL), American Airlines (AAL), and United Airlines (UAL).
The optimistic outlook for airline stocks is driving major Wall Street investment banks to upgrade their ratings. Morgan Stanley has named Delta Air Lines as its top pick, citing its high proportion of high-net-worth travelers, growth potential, and fuel hedging advantages; simultaneously, it has upgraded American Airlines from a neutral rating.

By the end of 2024 to early 2025, the gold market has experienced a strong rally. After surging to a record high of $4,400 per ounce in October, despite a pullback, investor interest remains high. What is the logic behind this wave of market movement? How will gold price fluctuations evolve? Is it too late to enter now?
Why has gold become the hottest safe-haven asset right now?
Remarkable continuous gains
According to Reuters, the gold price increase from 2024 to 2025 has reached its highest level in nearly 30 years, surpassing the 31% in 2007 and 29% in 2010. The strength of this upward trend is truly noteworthy.
Three major supporting factors driving gold prices higher
The first driver is geopolitical and trade policy uncertainties. A new wave of tariff measures has been frequently introduced, rapidly boosting market risk aversion. Referencing the performance during the 2018 China-U.S. trade dispute, gold prices during periods of policy uncertainty

Why Should You Understand Odd Lot Trading? Essential Knowledge for Small Investors
In recent years, odd lot trading has become one of the most commonly used investment tools among small investors in Taiwan. Many people hold scattered stocks of fewer than 1,000 shares (1 lot), which are classified as odd lots, with the minimum trading unit being 1 share. Odd lots often result from unfilled orders or from receiving dividends and stock allocations.
The starting point for full lot trading is 1,000 shares, but odd lots break this threshold. Understanding the rules, timing, and techniques for selling odd lots is crucial for investors who want to manage their portfolios effectively.
Three Key Time Periods for Selling Odd Lots
During Market Hours (9:00-13:30)
This is the most active period for selling odd lots. Investors can submit sell orders for odd lots through their brokerage trading platforms starting at 9:00 AM, but they must use electronic orders only. The system will be active from 9:10 onwards.

Copper, as the lifeblood of industry, often reflects the pulse of the global economy through its price fluctuations. Since 2025, copper prices have shown a significant upward trend amid multiple intertwined factors, from the uncertainty of US tariff policies to China's infrastructure investment momentum, and to the structural demand brought by green energy transformation. The copper market is entering a period full of opportunities and challenges.
Long-term Drivers of the Copper Market: Confirmed Demand Growth
The current core factor supporting copper prices is not short-term speculation but the long-term structural demand driven by global energy transition.
The era of new energy is expanding its appetite for copper. A single electric vehicle requires about 83 kilograms of copper, and global electric vehicle sales continue to rise. At the same time, renewable energy infrastructure such as wind power, solar energy, and energy storage systems are also copper-intensive. In 2024, these related fields consumed approximately 4 million tons of copper, and it is expected to increase by about 700,000 tons in 2025.
China infrastructure brings

After the Flow blockchain was attacked, abnormal capital inflows occurred in the market. The exchange failed to effectively control risks, leading to a rapid withdrawal of a large amount of funds, increasing users' risk exposure. There are significant flaws in the exchange's review of incoming funds, raising questions about its compliance, and investors should remain vigilant.

The Taiwan dollar has already surpassed the 4.85 mark against the Japanese yen (December 2025). People planning to travel abroad or invest for hedging are starting to take action. But do you know? Exchanging 10,000 TWD with the wrong method could cost an extra 500 to 2,000 TWD—equivalent to giving that money away to the bank for free.
Why is now a good time to pay attention to the JPY exchange rate?
The Japanese yen is not only a travel currency but also one of the world's top three safe-haven assets. Over the past year, the TWD/JPY exchange rate has risen from 4.46 at the beginning of the year to 4.85 now, an increase of 8.7%. For Taiwanese investors, this means that in the context of TWD depreciation, exchanging for JPY can lock in exchange gains and hedge against Taiwan stock market risks.
Why is the Japanese yen so popular?
First, Japan is a global low-interest-rate country (only 0.5%), but the Bank of Japan is shifting its stance—recent hawkish comments by Governor Ueda Kazuo have pushed up expectations of rate hikes to 80%, and the December 19 meeting may raise rates to 0.75%, which is the first time in 30 years.

U.S. employment data shows non-farm payrolls under pressure and the unemployment rate rising to a four-year high. Market expectations for rate cuts have cooled, and the dollar is supported around 98.0. The rebound in gold and crude oil faces testing, as risks and uncertainties continue to influence market trends. Demand and support levels remain key.

For many salaried workers with limited funds, the investment threshold of several thousand dollars per stock is really not affordable. But did you know? There is actually a more flexible way to trade stocks that allows you to start investing in popular companies with just a few thousand dollars. This is the rapidly growing trend of fractional share trading in recent years.
What are fractional shares? Why did they appear?
The standard unit of stock trading is one share (1000 shares), but in practice, investors often hold scattered stocks due to unfilled orders, and these stocks less than 1000 shares are called "fractional shares," with the minimum trading unit being just 1 share. Fractional shares usually arise from the following situations: rapid stock price fluctuations causing orders to not be fully executed, transaction quantities not reaching the target but exceeding the order price limit, or the issuance of small amounts of shares during rights offerings.
After the Taiwan Stock Exchange opened intraday fractional share trading on October 26, 2020, investment opportunities for small investors increased significantly.

The investment legend of Kawaguchi Silver藏 showcases both success and failure. He accumulated from 70 yen to 20 billion yen through knowledge and perseverance, but lost 30 billion yen in his later years due to greed. The story emphasizes that investors should be vigilant of human greed and master rationality and calmness.

When engaging in international investments, foreign exchange trading, or cross-border payments, mastering the currency symbols of various countries and their correct usage is particularly crucial. This not only speeds up transaction recognition but also effectively prevents payment errors. This article will provide a detailed overview of the symbol representations of major global currencies, the standard way to write the euro symbol, and the practical application methods of these symbols.
Why is it necessary to understand currency symbols?
Currency symbols are essentially graphical abbreviations of currency names. From daily shopping to financial markets, currency symbols are everywhere. Their core functions include three aspects:
First is quick recognition. When forex traders see the euro symbol (€), they immediately associate it with the Eurozone economies and related currency pairs, such as the common EUR/USD trading pair.
Secondly, it simplifies record-keeping. Writing "$100" is obviously more convenient and efficient than "100 US dollars," especially in financial statements and transaction documents.

Groundbreaking Dry Powder Formulation Now Available for PAH and PH-ILD Patients
The U.S. Food and Drug Administration has approved Tyvaso DPI (treprostinil) inhalation powder, marking the first and only dry powder inhaler authorized for treating two serious forms of pulmonary hypertension. This

This article introduces the input methods and meanings of major global currency symbols, emphasizing the importance of mastering these symbols in international trade and foreign exchange investment. The content includes quick input methods, warnings about easily confused symbols, and basic concepts of foreign exchange currency pairs to help investors conduct financial transactions efficiently and accurately.

Bitcoin drops the $90,000 psychological barrier with momentum pointing toward $80,000 as technical support crumbles—oversold conditions hint at potential relief, but the path remains treacherous. Ethereum's breach of the $3,017 consolidation base has redirected attention to the 61.8% Fibonacci

The case of Bill Hwang reveals the risks of margin calls. Using leverage can amplify gains, but if market volatility occurs, it may trigger forced liquidations, causing chain reactions and even severe impacts on other stocks. Efficient use of leverage can improve capital efficiency, but careful selection of targets and setting stop-loss and take-profit levels are essential.

In today's investment world, commodities stand alongside stocks and bonds as essential asset allocation options. Their appeal lies in their liquidity, close ties to economic activity, and the fact that their price fluctuations often accurately reflect the global economic climate. This article will give you an in-depth understanding of the commodities market and how to select truly worthwhile assets to invest in.
What exactly are commodities?
Simply put, commodities refer to raw materials that are traded in large quantities and used in industrial production and consumption. Their defining characteristic is the word "large" — large supply, large demand, and large inventories. Because of their massive scale, these goods often sit at the top of the supply chain, where a small change can have a ripple effect throughout the entire industry.
From a classification perspective, commodities are mainly divided into six major categories:
Energy sector: crude oil, gasoline, fuel oil, natural gas, etc. Among them

Why do traders need to master the currency symbols of different countries?
In the foreign exchange market, accurately recognizing each country's currency symbol is fundamental. These concise mnemonic symbols not only help traders quickly identify the trends of currency pairs but also significantly improve trading efficiency. For example, the euro symbol € immediately brings to mind major currency pairs like EUR/USD and EUR/JPY; seeing the British pound symbol £ indicates fluctuations involving GBP-related exchange rates.
The core function of currency symbols is to simplify the identification process. Instead of writing out "40 US dollars," it's more straightforward to write "$40," allowing for instant recognition. This shorthand is especially crucial in fast-paced trading environments.
Confusing Currency Symbols — Common Traps for Traders
$ symbol: Used by over 30 countries
When seeing the "$" symbol, beginners often mistakenly think it only represents US dollars. In reality, this symbol is widely used around the world. For example,

What exactly are futures contracts?
Futures are agreements between buyers and sellers to deliver a specific asset at a predetermined price at a future date. The most intuitive way to understand this financial instrument is through everyday commodities.
Imagine you sign a crude oil futures contract today to deliver in three months at a price of $80. This means you commit to purchasing a certain amount of oil (for example, 1,000 barrels) at $80 in three months. When the market oil price rises to $90, the right to buy at $80 becomes more valuable, and the contract holder profits from this difference.
The logic of US stock futures is the same, except the underlying asset shifts from a single commodity to a stock index. Since an index is essentially just a number, what does the actual underlying asset represent?
The answer is: a basket of stocks' combined value. When you trade US stock futures contracts, you are actually trading based on the following formula.

Taiwan Investors Must Know: Why Choosing the Right Brokerage Matters
In recent years, more and more Taiwanese are investing in stocks, bonds, and options trading. However, retail investors generally cannot trade directly and must go through a securities firm to execute transactions. The choice of brokerage directly impacts your trading costs and investment experience. This comprehensive guide will help you understand the differences among Taiwan's mainstream brokerages and compare stock trading fees in depth, so both beginners and experienced investors can find the most suitable trading platform.
Understanding Taiwan's Stock Trading Fee System: Official Pricing and Actual Discounts
In Taiwan's stock market trading, there are mainly two costs involved: commissions and transaction taxes.
The official commission rate is 0.1425%, charged on both buying and selling, with a minimum of 20 NT dollars. Transaction tax is only levied on selling, at a rate of 0.3%, and discounts are not available.
Although the commission has an official rate, online ordering has become mainstream, and brokerage competition

Hong Kong Stock Exchange Trading Hours Overview
The Hong Kong Stock Exchange (HKEX, Stock Code: 0388.HK), as one of the top ten exchanges globally and among the top three in Asia, has a trading schedule that is crucial for every Hong Kong stock investor. Understanding the rules of each trading session is the foundation for developing effective investment strategies.
HKEX's regular trading schedule includes four core segments: pre-opening auction, morning session, afternoon session, and post-closing auction, each with its own unique trading mechanisms:
| Trading Session | Time | Rules and Description |
|------------------|-------|------------------------|
| Pre-opening Auction | 9:00–9:30 | Investors input buy and sell orders, and the system calculates the reference equilibrium price |
| Morning Trading | 9:30–12:00 | Official trading session where various investment operations can be conducted |
| Lunch Break | 12:00–1