Taiwan to activate stock stabilisation fund following market falls

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

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 runs the National Stabilisation Fund which can intervene in stocks if the governm

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taiwan 'happy' to see chip investment in EU, wants deeper tiesTAIPEI : Taiwan would be 'happy' to see its chip firms invest in the European Union but deeper ties with the bloc akin to Taipei's relations with Washington could help pave the way for that, a senior Taiwanese official told Reuters.The EU has been courting Taiwan, a major semiconductor producer, as one of
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »