News Snapshot:
(Bloomberg) -- The Taiwan dollar slid past a key psychological level of 30 per US dollar for the first time since June 2020 amid bleak economic prospects for the island. The currency fell as much as 0.2% to 30.008 per dollar amid foreign outflows that reached $626 million this quarter. Taiwan last week lowered its unofficial economic outlook for the year amid waning global demand for electronics and rising inflation. Asia’s factories continued to report weakening activity in July amid lingering supply chain complications and a slowing global economy. Investor sentiment is also cautious amid geopolitical risks surrounding a potential...
