Taiwan’s stock index has broken the 8000 point mark after a week of recovery.
Since the National Stabilization Fund was authorized to step in and stabilize the stock market on Monday, the Taiwan exchange has seen steady gains. The index recovered a full 816.11 points since hitting a low point of 7203.07 during trading Monday.
Meanwhile, in a media interview on Friday, head of the Financial Supervisory Commission William Tseng said the intervention of the National Stabilization Fund has successfully provided a boost to market confidence. However, he did not say when the government will lift a ban on short selling stocks at less than the previous day’s closing prices.