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  • March 18, 2011, 9:15 PM HKT

Taiwan Hotels Prepare for U.S. Flight From Japan

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Reuters
U.S. citizens arrive at Taoyuan airport, Taiwan, on March 18

Amid the volatile market movements in the wake of Japan’s recent distasters, Taiwan hotel shares were up sharply Friday on expectations of droves of people arriving in Taiwan from Japan.

Taiwanese media reported Friday that the U.S. had evacuated some citizens from Japan to Taiwan, leading investors to buy Taiwan hotel shares in anticipation that more would be coming. Sheila Paskman, a spokesperson for the American Institute in Taiwan, the de facto U.S. embassy there, said in a phone interview that 97 Americans had already left Japan for Taiwan, arriving early Friday morning. Some were private U.S. citizens, but the bulk were relatives of American government workers in Japan.

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