An Epic Year of Market Events Shook China, Hong Kong, Taiwan
- Tumultuous 2020 looks set to end with region rebounding
- Big year for currencies, baijiu maker Moutai, chipmaker TSMC
Photographer: Qilai Shen/Bloomberg
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China, Hong Kong and Taiwan’s economies were among the first to suffer from the virus pandemic. They were also home to some of the most dramatic events in global financial markets this year.
Take China’s equity market, whose value topped $10 trillion for the first time since the 2015 crash and where a liquor maker became the country’s most valuable stock. The yuan tested a record low offshore before commencing a rally that some say could take the currency to levels not seen since 1993.