News Snapshot:
EMERGING MARKETS-Taiwan shares slide 3pct as COVID-19 cases spike in Asia Reuters | 6:54 AM * South Korea, Japan, Indonesia, Philippine shares down 1 percent * China April factory output slows, retail sales miss forecasts * Thai Q1 GDP contracts less than expected, annual growth forecast downgraded By Nikhil Nainan May 17 (Reuters) Taiwan stocks fell 3 percent on Monday, leading declines across Asia’s emerging markets as curbs to contain new COVID-19 outbreaks fuelled 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...
