Taiwan just activated its NT$500 billion market stabilization fund after the Taiex's fourth-worst point drop on recordTh…
Taiwan just activated its NT$500 billion market stabilization fund after the Taiex's fourth-worst point drop on record
The index closed down 1,873 points, or 4.5%, at 39,702, and now sits 20.6% below its October high in bear-market territoryIt is the 10th deployment of the fund since 2000, with officials cleared to buy shares as neededRegulators also crushed short selling. Intraday borrow limits fall from 30% of average volume to 3%, and short-sale margin jumps from 90% to 130%, both starting MondayForeigners dumped a record NT$994 billion of Taiwan stocks in October, then sold another NT$524 billion so far in NovemberThis follows South Korea's circuit-breaker halt yesterday. Asia's AI supply chain is getting the full policy toolkit as $Taiwan Semiconductor(TSM.US) and the chip complex reprice U.S. data-center riskSource: StockMarket.News
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