Taiwan deputy fin min urges investors to stay calm as market falls

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TAIPEI : Taiwan's economic fundamentals are good and investors should remain calm, rational and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after another large fall in share prices.Taiwan's benchmark index closed down 3.3 per cent, making it the worst performing market in Asia on

TAIPEI : Taiwan's economic fundamentals are good and investors should remain calm, rational and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after another large fall in share prices.

Juan said Taiwan's economic fundamentals were good, especially its trade numbers and revenue figures for listed firms. If there is a need, the National Stabilisation Fund can meet to discuss measures for the market, added Juan, who heads the fund which the government uses to intervene in the market if there is a large amount of volatility.

 

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