Taiwan's Gourmet Master rebounds after 19 pct drop

Gourmet Master Co

20/08/2018 07:02

** Shares of Taiwan's 85 Degrees Celsius Bakery Cafe's
parent company, Gourmet Master Co Ltd  2723.TW , rally 8.6 pct
to T$247.5, after a 19 pct fall over the previous three trading
days
    ** Stock has best day since Oct. 2017
    ** Its price collapse came amid calls from social media
users to boycott the chain seen to be supporting Taiwan
independence after Taiwan President Tsai Ing-wen was
photographed visiting one of 85 Degrees' Los Angeles stores
during her visit to the United States  urn:newsml:reuters.com:*:nL4N1V737G 
    ** 85 Degrees issues a statement about Tsai's visit saying
it firmly supports the "one China policy" and encourages the
peaceful development of relations across the Taiwan Strait
    ** China's Dianping app, which lists reviews and locations
for restaurants and shops, still displayed the message "unable
to find appropriate merchant" on Monday
    ** As of the close, about 2,650 shares of the Taichung-based
company have been traded, about 0.6 percent of their 30-day
moving average of 472,640 shares a day

 ((Reuters Messaging: doris.li.thomsonreuters.com@reuters.net))