News Snapshot:
MARKETS. Taiwanese Finance Minister Su Jain-rong speaks to Reuters in an interview, in Makati City, Philippines, September 28, 2022. The Taiwan dollar has depreciated 13% against the greenback so far in 2022, while the benchmark stock index is down 26%, one of the worst performances in Asia MANILA, Philippines – Capital outflows are a “temporary phenomenon” and Taiwan, with its foreign currency reserves, has enough capacity to maintain its financial markets stable, Finance Minister Su Jain-rong said on Wednesday, September 28. Taiwan’s stock market and currency have tanked in recent weeks due to aggressive interest rate hikes in the United...
