The operation result of the National Financial Stabilization Fund (the ’Fund’) from April 8, 2025, to May 6, 2026, is described below:
1.Operation period from April 9, 2025, to January 12, 2026, a total of 279 days; disposal period from January 13, 2026, to May 6, 2026, a total of 114 days.
2.Financial benefits: (all dollar amounts are in NT$)
(1)Net cash revenues from disposal of shares: 22.11 billion.
(2)Cost of shares acquisition: 12.25 billion (excluding a financing cost of 0.108 billion).
(3)Net revenues from share transactions: 9.86 billion.
(4)The Fund has received 0.198 billion in dividend as a result of this share purchase. Total net income: 10.058 billion. Deducting financing costs of 0.108 billion and transaction costs of 0.018 billion leaves a total net income of 9.932 billion.
3.Benefits of operation:
(1)Impacted by the U.S. announcement of reciprocal tariff policies, the Taiwan stock market plunged by 2,065.87 points (a 9.7% decline) on April 7, 2025, marking the largest single-day drop in both points and percentage in history. It continued to fall by another 772.4 points (a 4.02% decline) on April 8, 2025, resulting in a severe deficit in market investment confidence. Following its intervention, the Fund consistently implemented measures to stabilize the stock market. By the time of its exit on January 12, 2026, the TAIEX (Weighted Index) rebounded to 30,567.29 points, a cumulative gain of 12,107.34 points (or 65.59%). This fully demonstrated the effectiveness of the Fund's capital deployment and successfully achieved its core objective of stabilizing the market.
(2)Starting January 13, 2026, while balancing the need to stabilize stock prices and maintain market liquidity, the Fund gradually sold its shareholdings and successfully completed its exit on May 6. During the disposal period, the Taiwan stock market maintained a steady upward trajectory, gaining a cumulative 10,571.56 points (or 34.58%), demonstrating that the Fund's exit had no adverse impact on the stock market.
Due to the fact that the performance of the local stock market is still vulnerable to changes in the international political and economic situation, the Fund will continue to watch for possible volatility in local stock prices.
Contact Person: Director Lee, Xìng-Fen
Contact Tel. (02)2322-8057