By: Huang Li-yun and Kay Liu
Taipei, May 1 (CNA) Financial markets and banks in Taiwan will be closed Monday for employees 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]