Radio Taiwan International
Date: 2018-03-26

The finance minister, Sheu Yu-jer, said Monday that Taiwan’s stocks are stable. That’s

Sheu told lawmakers on Monday that Taiwan’s stocks are stable. (CNA photo)

despite a recent drop due to fears of a US-China trade war. President Donald Trump imposed duties on foreign aluminum and steel and plans to set new tariffs of up to US$60 billion for Chinese imports. In response, China has also listed 128 US products with an import value of US$3 billion that will be hit with new tariffs.

At the legislature on Monday, Sheu said Taiwan’s stocks are still stable. The central bank says however that two thirds of Taiwan’s economy is linked to the global supply chain, so the country will be greatly affected if there is a trade war. The concerns have caused stocks to fall in the past two days, as have other Asian markets.

Sheu said the government will not use the national stabilization fund to stabilize the stock market. That’s because the TAIEX remains over 10,000 points. In the past the fund was used when the TAIEX dropped to around 7,000 points.    [FULL  STORY]