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BUSINESS
July 17, 1999 | From Bloomberg News
Taiwan's stocks took their biggest tumble in 3 1/2 years Friday, as rumors of military preparations by China raised the specter of a protracted standoff between the rival governments. Nearly three-quarters of the shares traded on the Taiwan Stock Exchange sank by the maximum allowable 7%, pushing the benchmark index down 6.4%, its steepest decline since Jan. 5, 1996. The 506.46-point loss was the eighth-largest ever. The benchmark index fell 13.3% this week.
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BUSINESS
July 17, 1999 | From Bloomberg News
Taiwan's stocks took their biggest tumble in 3 1/2 years Friday, as rumors of military preparations by China raised the specter of a protracted standoff between the rival governments. Nearly three-quarters of the shares traded on the Taiwan Stock Exchange sank by the maximum allowable 7%, pushing the benchmark index down 6.4%, its steepest decline since Jan. 5, 1996. The 506.46-point loss was the eighth-largest ever. The benchmark index fell 13.3% this week.
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BUSINESS
October 10, 1994 | From Times Staff and Wire Reports
Stock Market Plunges 6%: Taiwan stocks tumbled today on concerns about the health of China's senior leader, Deng Xiaoping, analysts said. The benchmark weighted price index of the Taiwan Stock Exchange lost 405.88 points, or 6.13%, to 6214.48, on trading worth $2.2 billion. Declining issues outnumbered gainers, 321 to 8, with 166 companies closing down their daily trading limit of 7%.
BUSINESS
October 10, 1994 | From Times Staff and Wire Reports
Stock Market Plunges 6%: Taiwan stocks tumbled today on concerns about the health of China's senior leader, Deng Xiaoping, analysts said. The benchmark weighted price index of the Taiwan Stock Exchange lost 405.88 points, or 6.13%, to 6214.48, on trading worth $2.2 billion. Declining issues outnumbered gainers, 321 to 8, with 166 companies closing down their daily trading limit of 7%.
BUSINESS
March 29, 1992 | CRISTINA LEE, TIMES STAFF WRITER
The Arbor Village Shopping Center in north Irvine is three time zones and 3,000 miles from the financial heart of New York. But tucked in an office here is the Hung Foo Asian Stock Exchange Information Center, where the action can be as frenzied as any on Wall Street. The Hung Foo exchange offers clients computer information on the Taiwan Stock Exchange, the world's busiest. But investors don't just come to watch.
BUSINESS
August 10, 1992 | From Bloomberg News Service
A flood of new stock issues is hitting the Hong Kong market at a time when analysts fear that uncertainty over relations with China and the United States may dampen prices. Listed companies have already raised a record amount of capital this year. Covered warrant issues, in which owners of a stock sell investors a long-term option to buy at a fixed price, have also taken a lot of money from the market.
BUSINESS
August 5, 1991 | From Reuters
A series of multimillion-dollar scandals is sweeping Taiwan's financial world as the government cracks down on speculation and fraud by some of the island's wealthiest businessmen. Authorities have charged one of the stock market's biggest players with tax evasion, indicted a textile tycoon for document forgery and raided dozens of finance companies during operations against illegal trading in recent months.
BUSINESS
October 26, 1992 | BRUCE EINHORN, SPECIAL TO THE TIMES
A drama involving shady tycoons, political intrigue, sickbed appeals and millions of dollars has gripped Taiwan's financial and political world for the last month, and the outcome seems sure to change this island's roller-coaster stock market, which has long been manipulated by a group of major players known as "Big Hands." No one has bigger hands than Oung Ta-ming, the 42-year-old head of one of Taiwan's largest conglomerates, Hualon Group.
BUSINESS
October 26, 1992 | BRUCE EINHORN, SPECIAL TO THE TIMES
A drama involving shady tycoons, political intrigue, sickbed appeals and millions of dollars has gripped Taiwan's financial and political world for the last month, and the outcome seems sure to change this island's roller-coaster stock market, which has long been manipulated by a group of major players known as "Big Hands." No one has bigger hands than Oung Ta-ming, the 42-year-old head of one of Taiwan's largest conglomerates, Hualon Group.
BUSINESS
September 28, 1992 | From Bloomberg Business News
The Central Bank of Taiwan has enacted measures to bolster investor confidence in the battered stock market after the Taiwan Stock Exchange index hit a 20-month low last weekend. The bank said it approved a Securities and Exchange Commission proposal to increase upper lending limits for those who borrow funds or stocks to invest in the stock market. The bank also said that it will permit four mutual fund companies to raise more funds from overseas investors who want to invest in Taiwan stocks.
BUSINESS
September 21, 1992 | From Reuters
Authorities are investigating a string of huge stock payment defaults that have plunged the market into crisis. The government also took steps to stabilize the exchange, the value of whose stocks tumbled 6.1% in panic selling Thursday. The market ended mixed Friday after institutions emerged to buy blue-chip stocks at low prices.
BUSINESS
August 10, 1992 | From Bloomberg News Service
A flood of new stock issues is hitting the Hong Kong market at a time when analysts fear that uncertainty over relations with China and the United States may dampen prices. Listed companies have already raised a record amount of capital this year. Covered warrant issues, in which owners of a stock sell investors a long-term option to buy at a fixed price, have also taken a lot of money from the market.
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