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Taiwan's industrial production beat expectations with 22.6% YoY growth and an upward revision to April's data, boosted by a surge in computer and semiconductor production.

In May, Taiwan's exports to the United States soared 87.4% year-on-year to $15.52 billion, a record in terms of growth and value, versus a 29.5% surge in the prior month.

Customs export value growth surged from 13.8% in the previous month to 28.1%, shifting from a yellow-red to a red-light indicator.

The Taiwan dollar's sharp rally piled on some pressure on the island's export-heavy tech sector, as a stronger local currency makes goods expensive for foreign buyers, reducing its competitiveness.