Taiwan FSC Plans Market Measures After Record Intraday Point Drop

Taiwan’s Financial Supervisory Commission (FSC) planned to announce market-stabilization measures Friday afternoon in Taiwan, after Premier 卓榮泰 directed the regulator to respond to volatility in domestic and global stock markets. FSC Chairman 彭金隆 said the agency would hold a special meeting on Friday’s trading and disclose measures afterward. The plan did not specify what steps the FSC would take, and short-selling restrictions had not been confirmed. Taiwan’s benchmark stock index fell to 37,837.05, down 3,737.67 points in its largest intraday point loss on record. By about 9:50 p.m.

Source: TokenPost