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.

China, Securities and Commodity Exchanges, Securities Exchanges, International politics, Stock-exchange, Stock exchanges, Exchanges, Securities, Military aspects, Shanghai Stock Exchange, Shenzhen Stock Exchange, Taiwan Stock Exchange

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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.

Public affairs, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Regulation NEC, Business, Political aspects, Commercial law

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