Taiwan Dollar Forwards Fall on China Factory Data; Bonds Steady

Taiwan dollar forwards weakened for the first time in three days on concern a pickup in the island’s growth is unlikely as a report showed Chinese factory output trailed economists’ forecasts. Government bonds were steady.

The Purchasing Managers’ Index in Asia’s largest economy was 49.8 in September, less than the median estimate of 50.1 in a Bloomberg News survey, official data showed today. Taiwan’s export orders dropped 1.5 percent in August from a year earlier, a sixth monthly decline, according to a Sept. 20 report.