A nation’s financial account measures the flow of direct investment and portfolio investments. The continued financial outflow fueled mounting concerns that investors would keep moving funds out of the nation and into US dollar-denominated assets. Other nations with a long-term current account surplus and net outflows on their financial account include China, Japan, Singapore, South Korea, Germany, Malaysia and Russia, the bank said. The higher current account surplus also reflected a spike in raw material prices in the global market, Tsai said. Last year, the current account surplus totaled US$84.09 billion, a new record, accounting for 14.7 percent of GDP, the bank said.

Source: Taipei Times February 25, 2018 15:56 UTC