Standoff weighs down stocks in Taipei, Shanghai, Shenzhen
Article Abstract:
Heightened military tensions between Taiwan and China continue to depress stocks in the Taipei, Shanghai and Shenzhen stock exchanges. Reports of military activity in the Taiwan Strait, including unconfirmed rumors of the shooting down of a Taiwan jet, rattled the nerves of the retail investors who make up 90% of trading activity in the Taipei stock exchange. Concerns about security matters led stock Taipei prices to plunge to their lowest level in four and a half months. Stocks on mainland China also fell as jittery investors withdrew from the Shanghai and Shenzhen stock markets.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Big business wins in Taiwan's election
Article Abstract:
Business enterprises whose executives have been elected during the Dec 5, 1998 Taiwan legislative elections are expected to benefit from the development. Stocks of companies with executives elected to the legislature rose during the first day of trading after the elections. According to political analysts, this could give way to crony capitalism which is common among Asian countries. Furthermore, they believe that the Nationalists which won majority of the seats could use their power to look out for their own business interests.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Bank of France predicts growth in coming months. Societe Generale predicts 20% rise in full-year net. Deutsche Bank sees tough quarter but strong year
- Abstracts: REITs get it right, outperform stocks again. In the Windsor Circle: Big Knots Return. Cooper steps down as chief of Kimco
- Abstracts: Fragrances and cosmetics in Germany. Fragrances and cosmetics in Spain
- Abstracts: Koizumi tackles nation's debt pile in reform plan. Koizumi is blind to Japan's need for inflation. Koizumi has a plan to reform state sector
- Abstracts: Stagecoach earnings declined in 1st half amid slump in U.S. British Airways's traffic fell 22% in September. Railtrack shares fall 17% as analysts cut valuation