Taiwan Stocks See Second Day of Inflows Amid Currency Surge
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Global funds remained unfazed by the Taiwan dollar’s relentless surge and its likely impact on exporters’ earnings, snapping up the island’s shares for a second straight session.
They bought NT$24.4 billion ($815 million) of local stocks on a net basis Monday, after having plowed NT$38.8 billion last Friday, according to Bloomberg-compiled data. The inflows came as the Taiwan dollar surged the most in over three decades, driven by speculation exporters repatriated dollar holdings.