Financial markets, banks to close for Labor Day

Focus Taiwan
Date: 2016/05/01
By: Huang Li-yun and Kay Liu

Taipei, May 1 (CNA) Financial markets and banks in Taiwan will be closed Monday for 8087990employees to have a make-up day off for Labor Day, which falls on Sunday this year.

The Taiwan Stock Exchange, the Taiwan Futures Exchange and the operator of the over-the-counter stock market — the Taipei Exchange — will not open for trading Monday, according to their websites. Banks in Taiwan will also be closed.

The Ministry of Labor said in an April 18 statement that the May 1 Labor Day is a national holiday for laborers under the Labor Standards Act, and that if laborers are already having that day off because it falls on a Sunday, they can have an extra day off.

However, state-run Chunghwa Post Co., which also operates banking services, said post offices that open on Sunday will be closed for Labor Day, and that Monday will be a normal business day.     [FULL  STORY]

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