Taiwan reassures economy as stocks fall amid COVID-19 peak

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TAIPEI: Taiwan’s economic fundamentals are smart with strong demand for export orders and production activities in general, and the government is in a position to stabilize inventory and exchange markets if necessary, the prime minister said Monday.

Prime Minister Su Tseng-chang commented on his Facebook page amid an increase in national INFECTIONs with COVID-19 and an increase in the alert point for Taipei on Saturday.

Taiwan’s benchmark inventory index fell 3% in a while after opening Monday morning before recovering some losses and fell by about 1. 3%.

(Report via Ben Blanchard and Yimou Lee; Editing via Christian Schmollinger)

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