Posted inChinaTaiwan

Taiwan’s listed companies took forex loss of US$4.4 billion in 2016

Taiwan’s financial regulator said on Wednesday that companies listed on the local stock exchange had reported forex losses of T$133.9 billion (US$4.4 billion) in 2016, because of the Taiwan currency’s strength against the US dollar. Some investors have been concerned the losses would continue to climb, given the Taiwan dollar has strengthened about 6 percent […]