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Election · 13 January 2024

Taiwan elects Lai Ching-te

Lai Ching-te of the Democratic Progressive Party wins Taiwan’s presidential election. Riftrate read 77 the day before and 79 at its highest within 14 days.

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Riftrate the day before77Crisis
Within 14 days79 ▲ +1.4Crisis
CategoryElectionElections
CountryTaiwan
Markets around the event · cumulative change, 10 sessions before to 20 after · shaded: normal range of Taiwan dollar
-5.0%0+5.0%normal rangeevent-10 sessionsday of+20 sessions
Taiwan dollarBrent oilSwiss francUS dollar
MarketNext sessionAfter 5 sessionsAfter 20 sessionsHow unusual
Taiwan dollar-1.0%-0.7%-0.8%bigger than 72% of 5-day moves
Brent oil-0.2%+1.0%+4.6%bigger than 16% of 5-day moves
US 10-year yield+0.11 pt+0.15 pt+0.21 ptbigger than 73% of 5-day moves
US dollar+0.9%+0.9%+1.2%bigger than 79% of 5-day moves
Swiss franc-0.9%-1.9%-2.7%bigger than 92% of 5-day moves
Japanese yen-1.5%-2.1%-3.0%bigger than 89% of 5-day moves

Correlation or cause? A market that moves on the day of an event is not proof that the event moved it. “How unusual” compares the move with every 5-day move of the previous three years: above 95%, the move stands out from normal noise. Read it with the news of the day, and see how to tell correlation from causation. Not investment advice.

Riftrate · 60 days before and after
0255075100DecJanFebMarTaiwan elects Lai Ching-te, 13 January 2024

Source for the event: en.wikipedia.org. Market data: FRED, Federal Reserve Bank of St. Louis.

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