Taiwan activates stabilization fund after Taiex drops 1,873 points

Briefing by News4U · First published

Taiwan's Taiex closed down 1,873.08 points, or 4.51 percent, at 39,701.64 on November 6 after an overnight Wall Street selloff in AI stocks, marking its fourth-largest single-day point loss. The index fell as low as 37,837.05 before recovering on hopes of government support. The Financial Supervisory Commission said it would convene a meeting later that day to discuss market-support measures, and the committee overseeing the National Financial Stabilization Fund said it could hold a special meeting to decide whether the fund should intervene. Foreign institutional investors sold a net NT$91.19 billion worth of shares. TSMC recovered from a 10 percent intraday drop to close down 4.69 percent at NT$2,135.00. [1] [2] [3]

Sources

  1. Taiex closes below 40,000 in 4th-largest single-day point loss

    Focus Taiwan · · Full text

  2. Taiwan to Deploy Market Stabilization Fund After Stock Rout

    Bloomberg · · Summary only

  3. Taiwan Activates Market-Stabilization Measures to Stem AI Bleeding

    WSJ Markets · · Summary only

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