APPRECIATION:The NT dollar is one of the world’s top-performing currencies, but its growing strength threatens to erode the export-driven economy’s competitiveness
Date: May 20, 2017
One year into President Tsai Ing-wen’s (蔡英文) rule, investors are tallying up their winnings.
The nation’s benchmark stock index has surged 33 percent in US dollar terms since Tsai’s inauguration, the best performance among Asian peers.
Foreign funds in particular have been fans: They have pumped a net US$16.5 billion into Taiwanese equities in the past 12 months, the most in the region — helping send the New Taiwan dollar to highs last seen in 2014.
The gains overcame concern that relations with China, which had warmed under Tsai’s predecessor, would deteriorate under a Democratic Progressive Party government perceived as less friendly to Beijing. [FULL STORY]