Taiwan plays down Brexit fears

Taiwan News
Date: 2016-06-24
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – As it became clear that British citizens had voted in favor of 6764180leaving the European Union, Taiwan’s government played down the eventual impact on the island’s economy.

Premier Lin Chuan was scheduled to chair a meeting later Friday with the heads of the Central Bank and of key ministries to discuss the fallout from “Brexit,” reports said.

President Tsai Ing-wen, who was on her way to the United States and Latin America for her first official overseas trip, reportedly monitored the results from the British vote and told her Cabinet to address the eventual impact on Taiwan’s economy, finances and manufacturing sector.

Following the victory for the Leave camp, Taiwan’s major stock index closed trading Friday noon with a loss of 2.3 percent. In Great Britain, the value of the pound dropped to a 30-year low while the stock market opened with a sharp fall.     [FULL  STORY]

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