The 10,500-point mark is considered psychologically important for investors, as the market tends to become volatile and bumpy whenever it falls below this level, Koo added. However, the commission did not act yesterday, with Koo later telling reporters that he thought the 0.58 percent decline was relatively small. Lawmakers on the committee asked Koo whether the state-owned National Stabilization Fund would intervene in the stock market to support local shares. However, he said that he remained confident in the local market as locally listed companies have sound fundamentals. Koo said the fund had not yet intervened because the stock market is “not in disorder” and he had not seen investors make irrational decisions.
Source: Taipei Times October 08, 2018 15:56 UTC