By: Jocylin FC, Taiwan News, Staff Writer
Chinese market has created a bloodletting effect throughout the world’s financial
markets. After the Black Monday, the government announced on August 25 that they will use the state-run National Stabilization Fund to support the local stock market if necessary.
As the Chinese stock market plunges, the world embraces for the crash. In order to maintain order in the Taiwanese stock market, the state-run National Stabilization Fund called for a meeting and agreed on using the NT$500 billion of stabilization fund if necessary.
Simon Chang, the incumbent Vice Premier, said that the committees of National Stabilization Fund have agreed to act on the crash if the market is out of control. [FULL STORY]