Taiwan shares end higher in last session of 2020
12/31/2020 05:57 PM
CNA photo Dec. 31, 2020
Taipei, Dec. 31 (CNA) Shares in Taiwan closed higher on Thursday, the last trading session of 2020, registering a rise of 22.8 percent, or 2,735.39 points, for the whole of the year.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, edged up 44.83 points, or 0.31 percent, to reach 14,732.53, on turnover of NT$257.3621 billion (US$9.03 billion). It surged at one point to a record high of 14,760 during the trading session.
Since the COVID-19 pandemic broke out a year ago in China, the domestic stock market has fluctuated sharply, recovering from a low of 8,523.63 in March amid fears over the spread of the virus.
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Foreign visitor slump sending rents in Taipei shopping areas lower
12/20/2020 05:38 PM
Shops on Yongkang Street. Photo courtesy of Taipei Dongmen Yongkang Business Circle Development Association, CNA file photo
Taipei, Dec. 20 (CNA) Commercial lease rates in three major shopping districts in Taipei are spiraling lower amid a steep decline in foreign visitors caused by the COVID-19 pandemic, according to local business associations.
Overseas visitor arrivals were down 86 percent in the first 10 months of the year, and the loss of 8.4 million tourists to Taiwan has dealt a particularly heavy blow to some of the more popular places in Taipei for tourists to hang out.