Taiwan dollar is weaker today, USD/TWD last up 0.054 at 27.938. USD/TWD retracing its move lower from yesterday after TSMC reported strong earnings, sales grew by above 20% in USD terms. The company did issue guidance slightly below estimates and warned that the global chip shortage could start easing in the next few months. TWD likely coming under pressure today on outflows as TSMC drags the Taeix lower.

On the coronavirus front there were 14 locally transmitted cases in the past 24 hours, while Taiwan yesterday received three shipments of COVID-19 vaccines, a total of 1.88 million doses. The nation has so far received 8.92 million doses of the AstraZeneca and Moderna vaccines.

Bullet EM Bullet Emerging Markets News Homepage

Kieran Williams

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TSMC Disappoints On Guidance