Taiwan launches stabilization fund to counter AI stock selloff
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Taiwan held an emergency meeting on Friday, authorizing the executive secretary of the National Stabilization Fund to deploy funds as needed to support the market, with a ceiling of NT$500 billion (about US$15.11 billion), in response to the local stock market decline triggered by a global selloff in AI-related shares. The weighted index fell 12% this week and is down about 20% from its 2026 high, entering bear market territory. The Financial Supervisory Commission said it will tighten short-selling restrictions starting November 9 to curb volatility, and encouraged listed companies to consider share buybacks and investor briefings to boost confidence.
AI overview based on source reports · Updated 9 min ago
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- Hacker News AITaiwan Activates Market-Stabilization Measures to Stem AI Bleeding
Taiwan's National Financial Stabilization Fund authorized its executive secretary at an emergency meeting Friday to deploy funds as needed to stabilize the market, joining South Korea in responding to a global selloff in AI-related stocks. The Taiex fell 12% this week and is about 20% below its 2026 high, which officials attributed to the U.S. midterm elections and continued foreign-investor selling. The fund, which has up to 500 billion Taiwan dollars (about US$15.11 billion) available, said fundamentals remain sound but the market is dominated by high-tech stocks closely correlated with the Philadelphia Semiconductor Index; the Financial Supervisory Commission will tighten short-selling restrictions from Nov. 9 and encouraged share buybacks and investor briefings.
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