TAIWAN
From Times Staff and Wire Reports
Currency Slide Seen Helping Exports and Stock Prices: The slide of the new Taiwan dollar is expected to revive Taiwan’s flagging export growth and stock prices in the coming months, analysts said. The new Taiwan dollar, which climbed steadily for most of the 1980s, closed near a two-year low against the U.S. dollar Friday at 26.9250 on heavy volume worth $304 million. It has fallen 5.99% against the U.S. dollar this year.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.