By: Central News Agency
Unlimited day trading of securities will be allowed on Taiwan’s stock market beginning Monday, the latest move by the Financial Supervisory Committee (FSC) to boost turnover and make the market more competitive internationally.
Investors will be able to buy and sell in the same day all securities on the market that can be traded on margin, which totaled 1,432 stocks and exchange-traded funds (ETFs) as of the end of December, according to the FSC.
Since June 1, 2015, a total of 377 stocks and ETFs, accounting for 90 percent of Taiwan’s market capitalization, have been allowed to be day traded, the FSC said. [FULL STORY]