Taiwan to activate stock stabilisation fund following market falls

TAIPEI : Taiwan will activate its stock stabilisation fund to intervene in the market following recent falls in stock prices, the finance ministry said on Tuesday, the eighth time it has been authorised to do so.

The ministry, in a statement following a meeting of the fund's members, said market investment confidence was"obviously insufficient" and there were"still many uncertainties in the international political and economic situation". "Though domestic fundamentals are stable at present, the uncertainty in the international political and economic situation is still high."

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