Market exit for NSF following March entranceBy Crystal Hsu / Staff reporterThe National Stabilization Fund (NSF, 國安基金) yesterday decided to exit the local stock market, saying it has achieved its goal of stabilizing the local bourse, which has rallied firm above 12,000 points since the fund’s previous meeting in July. The National Stabilization Fund Committee said it made the decision at its quarterly meeting because the TAIEX has made a comeback from its March lows. Minister of Finance Su Jain-rong speaks at a meeting of the legislature’s Finance Committee at the Legislative Yuan in Taipei yesterday. The main board has since swelled 49.27 percent to close at 12,955.91 points yesterday on a large turnover of NT$228.745 billion, Taiwan Stock Exchange data showed. Minister of Finance Su Jain-rong (蘇建榮) told a legislative meeting that the fund has stayed put since April, after spending NT$757.19 million in March.

Source: Taipei Times October 12, 2020 15:56 UTC