WORLD : Taiwan Stock Plunge Hurts Party
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TAIPEI, Taiwan — Angry investors today threatened to boycott elections this weekend after the Taiwan stock market plummeted 5% in its biggest loss ever.
About 600 investors gathered at the Kuomintang ruling party’s headquarters in Taipei and thousands more jammed phone lines to protest the party’s failure to prop up share prices, eyewitnesses and party sources said.
“Give us (strong-performing) stocks and we’ll give you votes,” chanted protesters led by opposition candidate Lin Wen-lang, who is running for the legislature in Taipei.
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