22.04.2016 - Weak trading 'unrelated' to rescue fund exit
The finance minister on Thursday rejected criticism that the exit of the National Stabilization Fund put downward pressure on Taiwan shares earlier this week. Taiwan shares had closed down 119.24 points, or 1.38 percent, at 8,514.48 on Wednesday on turnover of NT$95.45 billion to extend a week of decline. Finance Minister Chang Sheng-ford said yesterday that the main index's retreat was unrelated to the exit of the National Stabilization Fund. The administration under President-elect Tsai Ing-wen, who takes office on May 20, is considering establishing a sovereign wealth fund to finance emerging industries such as biotechnology...............................................Full Article: Source
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