Taiwan’s equity market shows best performance globally: MOF

Focus Taiwan
Date: 2016/02/04
By: Chiu Po-sheng and Frances Huang

Taipei, Feb. 4 (CNA) Boosted by the National Financial Stabilization Fund, Taiwan’s local equity market has been resilient so far this year, scoring the best performance in the world, according to statistics from the Ministry of Finance (MOF).

The weighted index on the Taiwan Stock Exchange has fallen about 3.3 percent since the start of the year, a better performance than other markets in the world, Vice Finance Minister Wu Tang-chieh (吳當傑) said, citing his ministry’s data.

In the period Jan. 4 to Feb. 3, the weighted index dropped 275.06 points, closing at 8,063 points Wednesday, the last trading session before the Lunar New Year holiday, he noted.     [FULL  STORY]