Global stocks fell sharply last week over fears that the ongoing spread of the 2019 novel coronavirus (Covid-19) will severely hurt the economy.
Taipei officials are discussing how night markets will be reopened.
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The Central Epidemic Command Center says coronavirus testing stations set up near wholesale vegetable markets in Taipei and New Taipei will remain in place to ensure the disease has not spread into local communities.
Global stock markets suffered some of their worst drops in more than two years on Monday, following fears that the outbreak of the 2019 novel coronavirus (Covid-19) will be much more damaging to the economy than originally feared.
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Just a week after announcing an emergency 50 basis point rate cut, the US Federal Reserve cut rates today by a further full percentage point to a range of 0-0.25%.
Global stock markets yesterday added to losses accumulated over the past two weeks following a massive drop in global oil prices. The dramatic drops were attributed to growing fears over the impact on global oil market demand and the overall economy from the coronavirus.
Taiwan's Central Epidemic Command Center says shopping time at traditional markets will be limited to one hour in order to avoid overcrowding.
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Carrefour, the France-based supermarket and hypermarket chain, has announced that it will acquire Wellcome Taiwan Co. Ltd, which operates supermarket chains Wellcome and Jasons Market Place in Taiwan.
The Ministry of Labour reported that a group of labour funds managed by the Bureau of Labour Funds had suffered massive losses of more than NT$470 billion (US$15.67 billion) as of the end of March, when equity markets at home and abroad plunged amid an escalation of the Covid-19 pandemic.
The Ministry of Economic Affairs says the production of Taiwanese enterprises in China for the US market has been affected by rising trade and technology tensions between Washington and Beijing.