Currencies
Taiwan Dollar’s Stunning Rally Spells Trouble for Tech, Insurers
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A surging Taiwan dollar is aggravating concerns about the competitiveness and earnings prospects of local firms that form the backbone of global tech supply chains.
The currency’s biggest single-day surge since 1988 on Monday has further eroded the relevance of an upbeat results season that preceded Donald Trump’s punishing tariffs. Of the 205 Taiwanese companies that had reported first-quarter earnings, more than half of them beat estimates, according to a Goldman Sachs Group Inc. note last week.