Economy / Markets
Taiwan's short-selling curbs and stabilisation fund lift the Taiex
Taiwan's Taiex rose as much as 5 percent on Monday, its best session since 31 July, ending a seven-session decline that had pushed the technology-heavy benchmark into bear territory. The Financial Supervisory Commission capped intraday short sales of borrowed shares at 3 percent of a stock's 30-day average daily volume, down from 30 percent, and raised the minimum short-sale margin to 130 percent from 90 percent, both effective Monday. The finance ministry authorised the NT$500 billion stabilisation fund to intervene as needed.