The Fund held its 124th committee meeting to discuss recent developments in the Taiwan stock market, global and domestic political and economic conditions, and financial markets. It resolved to authorize the Executive Secretary to deploy funds as needed to stabilize the market and maintain orderly trading.
The Fund noted that the Trump administration's new tariff measures, including a 32% rate on Taiwan, have severely impacted Taiwan's industries and disrupted global trade, sparking inflation concerns and recession fears. This led to global market sell-offs. On April 7, the Taiwan stock market plunged 2,065.87 points (9.7%), marking its largest single-day drop in history, followed by another 772.4-point (4.02%) decline on April 8. Foreign investors heavily sold off Taiwan stocks from January to March, further weakening market stability.
Given the significant impact on investor confidence and the risk to financial stability as outlined in Article 8 of the Fund's regulations, the committee authorized the Executive Secretary to act as necessary to stabilize the market.
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Contact Person: Director Lee, Xìng-Fen
Contact Tel. (02)2322-8057