Taiwan’s currency weakens as foreign investors pull equity amid a tech correction and rising consumer prices above the central bank’s target.
The Taiwan dollar fell to 31.68 against the USD, marking its fifth straight session of declines. Foreign equity outflows, driven by a global tech stock correction, weighed on the currency as investors reduced exposure to Taiwanese markets.
Taiwan’s exports and imports have surged due to strong AI-related demand, but inflation has climbed above the central bank’s 2% threshold. The combination of capital outflows and price pressures has increased downward pressure on the TWD.
No immediate market reaction was specified, but the trend reflects broader concerns over tech sector volatility and inflationary risks in Taiwan.