Arab Today, arab today taiwan keeps wary \eye on us downgrade\
Last Updated : GMT 18:19:32
Arab Today, arab today
Arab Today, arab today

Taiwan keeps wary \'eye on US downgrade\'

Arab Today, arab today

Arab Today, arab today Taiwan keeps wary \'eye on US downgrade\'

Taipei - AFP

Taiwan, one of biggest foreign holders of US debt, on Sunday was keeping a close eye on developments after the US ratings downgrade and a local stock market plunge, local media reported. Vice-Premier Sean Chen, in charge of the island\'s economic issues, held an \"internal meeting\" of relevant government agencies on Sunday, the United Evening News said. Central bank governor Perng Fai-nan was monitoring developments in the international community, it said. The moves came after Standard & Poor\'s Friday cut the US credit rating from the top notch triple-A to AA+, sparking fears that the world still reeling from the 2008 global financial crisis may be hit by a double dip recession. Ahead of the downgrade, Taiwan\'s weighted index on Friday tumbled 5.58 percent, one of the steepest falls among the world\'s stock exchanges, as investors feared the island\'s export-reliant economy may be hit hard in the event of another financial crisis. The fall was the worst loss in a single session since the height of the global financial crisis in 2008. The plunge prompted President Ma Ying-jeou to appeal for calm among panic-stricken investors at a news conference over the weekend. He said Taiwan\'s fundamentals were sound and said the government would strive to cushion any negative impacts on the local economy. In its editorial, the United Daily News warned that \"the downgrade may not be a deadly blow to the global economies, but its influence will be far-reaching\". According to US Treasury data, Taiwan is the sixth biggest foreign holder of US debt with $153.4 billion, while the United States is also among the island\'s major trading partners.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan keeps wary \eye on us downgrade\ Arab Today, arab today taiwan keeps wary \eye on us downgrade\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan keeps wary \eye on us downgrade\ Arab Today, arab today taiwan keeps wary \eye on us downgrade\

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday