Taiwan surprises as investment winner
The Taiwan dollar is the only currency in Asia to climb against the resurgent greenback since the US election
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Taipei
TAIWAN is proving a surprising investment winner under US President Donald Trump.
The island is home to the only currency in Asia to climb against the resurgent greenback since the US election. Against a backdrop of the new president starting to make good on protectionist trade pledges and signalling a readiness to risk damaging Taiwan's fragile relationship with China, analysts are still optimistic that the territory will see equity inflows in 2017. Foreign investors have pumped US$1.5 billion into local shares this month, helping drive the Taiex to a one-and-a-half-year high and the Taiwan dollar to the strongest since October.
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