| Abstract | Bruised by public fear over China's missile tests, as well as a series of local financial scandals, Taiwan's financial market has plummeted by more than 30 per cent in the past month. The slide has persisted despite swift action by the Taiwan Government to deal with a NT$10 billion(HK$2.85 billion) fraud scandal at the International Bill Finance Co and a NT$47.9 billion run on deposits at the Changhua Fourth Credit Cooperative, triggered by allegations of embezzlement by a senior executive of the firm. |
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