Taipei, July 15 -- Taiwan's National Financial Stabilisation Fund will continue to support the local stock market after having been active from April 9 through the end of June, according to a statement released on Monday following a regular committee meeting, reported the Central News Agency Taiwan.
The decision to activate the NTD 500 billion (USD 17.04 billion) fund was originally made on April 8, a day before US President Donald Trump's announcement of new tariffs caused market turbulence. This marked the fund's ninth intervention since its creation in 2000.
Between April 9 and June 30, the fund injected over NTD 7.7 billion into the market over 57 trading days. It reported NTD 1.183 billion in unrealised gains and more than NTD 43.1...
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