Economy

Taiwan Stocks Rebound After Government Market Intervention

Published

By Ryan Wu/Hank Hsu/Ai Chi

Open in App

Taiwan's stock market rebounded sharply on Monday after suffering a major sell-off last week. The benchmark Taiex surged by around 2,000 points during intraday trading and finished the session up about 5%, closing above 41,000 points. The recovery followed government intervention, including the approval of more than US$15 billion from the National Financial Stabilization Fund and measures by the Financial Supervisory Commission to limit market volatility.