Taiwan said it may not need to buy shares to help bolster confidence in the island's stock market after the US suffered its worst terrorist attack ever yesterday.
"I don't think we need to trigger the operation of the stabilization fund," Taiwan Finance Minister Yen Ching-chang (顏慶章) said at a news conference.
Taiwan's government manages a NT$500 billion (US$14.5 billion) stock market stabilization fund and has bought shares in the past in an attempt to shore up investor confidence.
The stock market was closed yesterday following terrorist attacks in the US cities of New York and Washington.
Taiwan's key TAIEX has lost 49 percent of its value over the past year.
RSS