Taiwan Authorizes 10th Fund Intervention and Cuts Short-Sale Cap to 3%
Photo: TokenPost
Taiwan authorized its National Financial Stabilization Fund’s 10th market intervention, a response to a steep Nov. 6 selloff in a major semiconductor market, while regulators will sharply restrict short selling from Nov. 9. The fund’s executive secretary may deploy up to NT$500 billion as conditions warrant. No purchase amount or schedule was disclosed. Taiwan’s benchmark stock index fell 1,873.08 points on Nov. 6 to close at 39,701.64, after dropping 3,737.67 points in the opening minute. It lost 5,510 points from Nov. 2 through Nov. 6, a 12.19% weekly decline.
Source: TokenPost
