DESPITE ALL THE SNIPING, IT'S STILL BUSINESS AS USUAL

MORE RELIABLY THAN ANY MARKET ANALYST, EVERY STEP and misstep in the undiplomatic dance between Taiwan and Beijing can foretell major moves in the Taipei stock exchange. Last week, when the Hong Kong press reported that Chinese Premier Li Peng would announce a timetable for reunification in a key speech, share prices tumbled 3.5%, and the Taiwan dollar took a beating. The next day, when Li made no mention of this schedule, prices rebounded on a wave of buying.

Such is the skittishness of investors in this period of strained relations between Taiwan and China. Confidence within Taiwan has been shaken,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!