Taiwan Markets Targeted With Dollar Risk Highest Since 2017
- Global funds sold the most Taiwanese equities in over a year
- Fears about slowing global growth, faster inflation also weigh
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A gauge of implied swings in the Taiwan dollar is headed for its highest close in over five years as fears of escalating tensions with China continue to dog the currency.
The local dollar tumbled to the lowest since April on Tuesday, a day after outflows from Taiwanese equities swelled to the most in over a year. Investors see the island’s assets as a proxy for the risks stemming from the war in Ukraine given the fraught relationship between Taiwan and China.