Taiwan Dollar Completes Fourth Weekly Decline on Stock Sell-Off
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Taiwan’s dollar completed its fourth weekly decline as overseas investors pulled the most money from stocks in 10 months on concern the island’s economic recovery is slowing. Government bonds advanced.
Global funds sold $1.2 billion more shares than they bought this week, the most since the period ending May 12, according to exchange data. Export orders slumped 14.5 percent last month from a year earlier, more than the 3 percent drop economists surveyed by Bloomberg estimated, official data showed March 20. Industrial production slowed for the first time since June, another Bloomberg survey showed before a report due March 25.