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The National Financial Stabilization Fund decides to withdraw from stock market

The National Financial Stabilization Fund (‘the Fund’) held its 105th regular committee meeting today to fully discuss the recent development of the new coronavirus pneumonia (COVID-19) epidemic situation, political and economic situations at home and abroad, and other factors. During the Fund's presence in the stock market, the TAIEX has risen by more than 40%. The Fund has already realized the effects of stabilizing the market, boosting investor confidence, and maintaining active and orderly stock market transactions. The conditions described in Article 8 of the Statute for the Establishment and Administration of the National Financial Stabilization Fund no longer exist. The Fund Management Committee (‘the Committee’) has resolved today to immediately suspend its mission to stabilize the market and return to normal stock market mechanisms. The Fund will continue to watch for possible volatility in local stock prices, and if necessary, the Committee will authorize the Fund to re-enter the market.

 

Contact Person: Director LO, HSING-JUNG

Contact Tel. (02)2322-8086
Issued:National Treasury Administration Release date:2020-10-12 Last updated:2020-10-26 Click times:399
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