FSC stands by as TAIEX slips again

NO PANIC-SELLING: The commission would ease investors’ worries by revealing more information about listed companies’ share buyback plans, Chairman Wellington Koo said

Taipei Times
Date: Oct 16, 2018
By: Kao Shih-ching  /  Staff reporter

The TAIEX yesterday fell 1.44 percent, or 144.69 points, to close below 10,000 points for the second time since last week, but the Financial Supervisory Commission (FSC) said it would not intervene in the stock market for the time being.

The weighted index yesterday opened at 9,989.63 points, 56.18 points lower from its previous close, and failed to stage a rebound, remaining below its closing level of 10,045.81 points on Friday last week.

The index fell below 9,900 points at 10:34am and later recovered slightly to close at 9,901.12 points on turnover of NT$115.91 billion (US$3.75 billion), Taiwan Stock Exchange data showed.

Papermaking, biotech, shipping, information services and trade were the only sub-indices that did not decline, the data showed.    [FULL  STORY]

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