Want China Times
By: CNA and Staff Reporter
A measure to expand Taiwan’s daily securities trading fluctuation from 7%-10% is to
take effect from June 1, according to the country’s Financial Supervisory Commission (FSC).
The measure is aimed at improving Taiwan’s market efficiency, stimulating trading and aligning the local market with international norms, the FSC said.
In addition to stocks, the expanded 10% limit will also apply to other trading-related products, including Taiwan Depositary Receipts, call and put warrants, beneficiary certificates and Taiwan Futures Exchange contracts.
The margin ratio for securities margin transactions will also be increased from the current 120% to 130%, which was first implemented May 4 to allow investors to prepare for the change. [FULL STORY]