Business · Markets · 3 hrs ago
Taiwan debate grows over closing stock market during typhoons
Taiwan's stock market closed for the full day on Oct.
23 as Taipei suspended work at public institutions ahead of a typhoon.
The closure coincided with a holiday, leaving the market shut for four straight days.
The long break has prompted calls to review the rules for typhoon-related closures.
Shen Boyang, a Democratic Progressive Party candidate for Taipei mayor, said on Oct.
22 that Taipei is a financial center and urged a review of the criteria.
Financial authorities began gathering views on overseas market rules and stakeholder opinions that same day.
The discussion now centers on whether the rules for closing the market should change when Taipei suspends public-sector work.
Taiwan is debating whether to change rules that close the stock market when typhoons approach.
The Taiwan Stock Exchange was closed all day on October 23 after Taipei City suspended work at public institutions.
The closure, combined with a holiday weekend, left the market shut for four consecutive days.
The debate was prompted by comments from Shen Bo-yang, a Democratic Progressive Party candidate for Taipei mayor.
Financial authorities began gathering information on overseas market practices and opinions from stakeholders.
- Who
- The Taiwan Stock Exchange, Taipei City officials, and financial authorities are involved. Taipei mayoral candidate Shen Bo-yang raised the issue.
- What
- Taiwan is debating whether to revise the criteria for closing its stock market during typhoons.
- When
- The exchange closed on October 23. Shen raised the issue on October 22.
- Where
- Taiwan, including Taipei City.
- Why
- Taipei City suspended work at public institutions ahead of a typhoon, prompting the exchange closure; the resulting four-day shutdown led to calls to review the rules.
This story does not have two clearly opposing sides.
Shen Bo-yang called for a review of the criteria for closing the market.
The Taiwan Stock Exchange closed for the day after Taipei City announced work suspensions at public institutions.
- Market closure
- Taiwan Stock Exchange closed all day on October 23
- Shutdown length
- Four consecutive days, including a holiday weekend
- Trigger
- Taipei City suspended work at public institutions ahead of a typhoon
- Review call
- Shen Bo-yang raised the issue on October 22
1 source
What people are saying
Taipei City is a financial center.