Taiex +4.94% on Monday won back only about 19% of the 10,267-point drop; foreign selling equaled 18% of the stabilization fund in a day
Taiwan's Taiex closed up 4.94% on Monday at 41,661.70, its second-largest point gain ever, after the government cut short selling limits and cleared its NT$500 billion stabilization fund to buy.
That 1,960-point jump won back only about 19% of the 10,267 points lost since the October 6 high. Foreign investors still sold a net NT$90 billion on the day, which is 18% of the entire fund gone in one session.
https://focustaiwan.tw/business/202611090017
Sources: Investing.com: short-sale cap cut to 3% from 30%, margin to 130%; NT$500B stabilization fund authorized Friday · @SpecialSitsNews: Taiwan stocks surge 5% on short-selling curbs after a 12% weekly plunge
Not financial advice. For informational and educational purposes only.
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