Finance Minister Su Jain-rong is calling on investors to remain confident in Taiwan’s stock market.
Su addressed worries about the COVID-19 outbreak’s effect on stocks, saying the National Financial Stabilization Fund is ready to lend support to the local equity market at any time. Su said investors do not need to panic, as Taiwan’s equity price-earnings ratio continues to be attractive and Taiwan’s exports are continuing to grow.
Meanwhile, Vice Finance Minister Juan Ching-hwa says that the National Financial Stabilization Fund will only intervene in the market when it receives authorization from the fund’s committee. Juan says that global markets and Taiwan's stock market have tumbled due to panic about the outbreak. He is calling on local investors to be rational when making any investment decisions during this critical time.