Taiwan shares slide 3% as COVID-19 cases spike in Asia


Source: upnewsinfo.com upnewsinfo.com

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Article content Taiwan stocks fell 3% on Monday, leading declines across Asia’s emerging markets as curbs to contain new COVID-19 outbreaks fueled worries a nascent economic recovery will be derailed. The island’s premier looked to reassure investors that the fundamentals of the trade-dependent economy remain strong as new restrictions went into effect over the weekend. The Taiwan dollar fell to a more than three-week low. In neighboring South Korea and Japan, shares fell around 1% each, mirrored by Southeast Asia peers, the Philippines and Indonesia. Pockets of COVID-19 infections in Taiwan and Singapore, both hailed for their success in containing...