Taipei-Shanghai Stock Connect mired in confusion

The Taipei-Shanghai Stock Connect scheme is mired in confusion after several days of conflicting statements and denials around its launch. And while the head of Taiwan’s financial regulator said this week that the Singapore-Taipei Stock Connect will be launched on July 1, the Taiwan stock exchange has refused to comment. Despite the turmoil and lack of coordination between authorities, the Taiwan stock market yesterday took the news as a positive sign of future cross-border trad…