Taiwan Dollar Slips to Weakest Since 2016 Amid TSMC Share Slump
- Currency is Asia’s worst performer so far this month
- Rising tech stock volatility triggered foreign outflows: BNP
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The Taiwan dollar fell to its weakest in more than eight years as a selloff in shares of the world’s largest maker of advanced chips intensified outflows from local equities.
The currency dropped as much as 0.6% to 32.79 per dollar on Friday, the weakest since 2016. Global funds sold a net $1.79 billion of Taiwan equities on Thursday, according to exchange data, the most since April and the fifth straight day of outflows.