Taiwan reassures on economy as stocks fall amid COVID-19 spike

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TAIPEI: Taiwan's economic fundamentals are good with demand for export orders strong and production activities normal, the premier said on Monday ...

TAIPEI: Taiwan's economic fundamentals are good with demand for export orders strong and production activities normal, the premier said on Monday .

The government is also prepared to stabilise the stock and foreign exchange markets if needed, said Premier Su Tseng-chang.Su made the comments on his Facebook page amid a spike in domestic COVID-19 infections and the raising of the alert level for Taipei on Saturday. Taiwan's benchmark stock index fell as much as 3 per cent shortly after opening on Monday morning before recouping some losses, and was down around 1.3 per cent.

 

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