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Taiwan Business Quick Take - Taipei Times
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Taiwan Business Quick Take - Taipei Times
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Taiwanese shares rally after US markets surge
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
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TAIPEI Taiwan stocks closed 3% lower on Monday even as the premier sought to reassure that the island’s economic fundamentals were good, with demand for export orders strong and production activities normal.
A sudden surge in domestic COVID-19 infections, more than 700 over the past week, and Saturday’s raising of restrictions in the capital Taipei, have spooked a population that had become used to life carrying on almost as normal with the pandemic previously well under control.
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(Adds reinstatement of travel restrictions)
TAIPEI, May 17 (Reuters) - Taiwan stocks closed 3% lower on Monday even as the premier sought to reassure that the island’s economic fundamentals were good, with demand for export orders strong and production activities normal.
A sudden surge in domestic COVID-19 infections, more than 700 over the past week, and Saturday’s raising of restrictions in the capital Taipei, have spooked a population that had become used to life carrying on almost as normal with the pandemic previously well under control.
The government has repeatedly tried to reassure people that the economy remains strong and there is no undue cause for alarm, even amid volatility and sharp falls in the stock market.