Fri, Oct 20, 2000 - Page 1 News List

Stocks continue to plumb new lows

THE BEAR BITES While analysts think the market may sink further to 4,800, the government has halved the daily downward limit on stock price movements

By Stanley Chou  /  STAFF REPORTER

As former administrative vice finance minister, Lin was the executive secretary of the stabilization fund until Wednesday.

Vice Premier Lai In-jaw (賴英照), who also heads the Cabinet's economic task force, had little comment on the market's 6.46 percent decline yesterday, saying "the stabilization fund will do its best to maintain stability in the stock market."

Lai declined to explain what specific measures the stabilization fund would take.

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