Taiwan to tap $15.3 bn stocks stabilisation fund

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/9k7ypxrKk125q.vsI9xmAg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/Part-HKG-Hkg10193540-1-1-0.jpg (http://news.yahoo.com/taiwan-tap-15-3-bn-stocks-stabilisation-fund-100810780--finance.html)Taiwan on Tuesday gave the green light for a $15.3 billion fund to stabilise its troubled stock market, after fears of a slowdown in China sent shares diving. In response, the government will use the National Financial Stabilisation Fund, with its Tw$500billion of firepower, to stabilise the market during times of volatility. Beyond that, executive secretary of the restabilisation fund committee Wu Tang-chieh will be left to decide on how to invest, according to a government statement.



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