STATE HELP:Minister of Finance Chang Sheng-ford said that government funding remained in the market to support share prices amid uncertainty spawned in China
Date: Jan 08, 2016
By: Ted Chen / Staff reporter
The Financial Supervisory Commission yesterday raised the minimum margin maintenance ratio for short sales from 90 percent to 120 percent, the second increase since August last year as global markets are once again gripped by a surge in volatility.
The measure comes into effect today.
“We urge investors to stay calm and make rational decisions in the face of drastic changes to global equity markets,” Securities and Futures Bureau Director-General Wu Yui-chun (吳裕群) told a news conference.
The TAIEX yesterday continued to slip, shedding 1.73 percent to close on 7,852.06 points, following a 1.05 percent plunge on Wednesday.
With turnover expanding to NT$116.775 billion (US$3.483 billion) yesterday from NT$98.454 billion the previous day, there is no liquidity risk on the local bourse, Wu said. [FULL STORY]