Taiwan dollar weakens past the 33 mark against the US dollar, first time since April 2025.

After the U.S. midterm elections, market concerns about a slowdown in the AI industry hit Taiwan stocks hard, dragging the Taiwan dollar below the 33 mark in early Friday trading to a new intraday low since April 2025. The Taiwan dollar fell 0.49% against the U.S. dollar from the previous close to NT$33.036. The TAIEX weighted index fell 8.8% to 37,902.46 points. As of Thursday, foreign investors had net sold a cumulative approximately NT$614.5 billion of Taiwan stocks over six consecutive trading days.