Tuesday, August 25, 2015
Asian stocks nosedived on Monday, led by sharp falls in Shanghai as concerns mount over the health of mainland China's economy -- the world's second largest.
Hong Kong Financial Secretary John Tsang Chun-wah has warned of a "crisis" in the volatile financial market following the steepest loss recorded on Wall Street in four years.
Investors who piled into mainland China's stock market at the government's behest may have lost heavily in recent months, but many clung Monday to hopes of official rescue even as markets erased the year's gains.
Monday, August 24, 2015
Despite serious plunges in the stock market, coupled with a faltering Indonesian economy and a declining rupiah, the Indonesia Stock Exchange (IDX) says that seven companies still plan to hold initial public offerings (IPOs) before the end of the year.
Saturday, August 22, 2015
The Taiwan-Turkey Business Association was established on Friday to promote closer trade and industrial cooperation between Taiwan and Turkey, according to the association.
Heads of finance said yesterday that the conditions in Taiwan's stock market have still not met the terms for government intervention via the National Stabilization Fund (國安基金).
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.198 to close at the day's high of NT$32.876, as the local currency come under pressure from a plunge in Taiwan's equity market, dealers said.
Taiwan's first light rail system, located in Kaohsiung, might not be able to start trial operations by the end of August as more tests and paperwork are needed, city officials said Friday.
Shares in Taiwan plunged Friday in response to volatility in global equity markets amid worries over sluggish demand in the world economy, dealers said.