By: Chiu Po-sheng and Frances Huang
Taipei, Nov. 21 (CNA) Vice Finance Minister Wu Tang-chieh (吳當傑) said Saturday that the National Financial Stabilization Fund is currently maintaining the longest presence in the local equity market in the fund’s history.
Wu, a manager of the stabilization fund, said that the fund committee will continue to monitor the global financial markets at a time when the U.S. Federal Reserve is planning to kick off an interest rate hike cycle later in the year.
Wu said that the fund committee will also watch closely how the world’s economy evolves since a global economic slowdown has imposed uncertainty in the local market and overshadowed investors’ sentiment. [FULL STORY]