Economics
Taiwan Dollar Jumps Most in 15 Years as Stock Inflows Boost Won
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Taiwan’s dollar jumped the most in 15 years while South Korea’s won rose to a three-month high after improving economic data fueled demand for their equities.
Global funds purchased $2.6 billion more Taiwanese shares than they sold last week, the biggest net inflows since 2007, and boosted holdings of Korean stocks on Monday for the 15th day in a row, exchange data show. Reports in the past week showed Korea’s first-quarter economic growth and Taiwan’s industrial production for March beat economists’ estimates.