Taiwan Dollar Drops to Weakest Since May on Equity Outflows

The Taiwan dollar fell for a sixth day to its weakest since May, driven by tech-heavy equity outflows.

The local dollar slid nearly 0.6% against the greenback to NT$30.48 on Thursday, according to data compiled by Bloomberg. With its 3.5% decline, the Taiwan dollar is the worst performer among the world’s major currencies over the past month.