讀後心得

In response to the global stock market crash caused by the United States' equivalent tariff policy, Executive Yuan Premier Su Tseng-chang convened the financial and economic departments at his residence on the 6th to devise countermeasures, and did not rule out the possibility of the National Security Fund entering the market to protect stability. The Financial Supervisory Commission urgently issued a "short-selling ban," implementing a series of measures to stabilize the Taiwan stock market. University professors pointed out that market intervention is an important measure for stabilizing the financial market and look forward to further developments after the 7th.

The United States' reciprocal tariff policy has triggered a global stock market crash. On the 6th, the Executive Yuan Chief convened the Ministry of Finance and other financial agencies at his residence to simulate responses to the challenges of the opening of the Taiwan stock market; at the same time, the entry of the National Security Fund to stabilize the market is not ruled out. The Financial Supervisory Commission also urgently issued a "margin call restriction order" to prevent a potential mass sell-off in the Taiwan stock market.

Financial institutions such as the Financial Supervisory Commission held a meeting at the official residence on the morning of the 6th to respond to the United States' reciprocal tariff measures against Taiwan. The Executive Yuan Chief invited the chairman of the Financial Supervisory Commission and the chairman of the Stock Exchange to conduct a simulation drill, as the Taiwan stock market is highly sensitive to adverse international news. Previously, on the 5th, Zhuo Rongtai also convened a meeting with the Minister of Finance and the Governor of the Central Bank and heads of relevant ministries. Although there was no clear directive for the National Security Fund to intervene during the meeting, decision-makers did not rule out the possibility of entering the market to stabilize it as soon as the 7th, following the global stock market crash triggered by the tariff war.

DPP Legislators mentioned that Chief Executive Zhuo Rongtai indicated that funds amounting to 500 billion have been prepared, and the eight major public banks that control hundreds of billions should also be ready to intervene at any time to stabilize the market. Individuals from various political parties are calling for all-out efforts to maintain stability in the stock and foreign exchange markets. The Financial Supervisory Commission is equipped with 18 market rescue scripts and on the evening of the 6th issued a "margin call restriction order," implementing three temporary measures from the 7th to the 11th:

• First, investors can use diverse collateral to make up the shortfall in the financing down payment or margin requirement for securities lending with the consent of securities finance companies or brokerage firms.
• Second, the daily borrowing limits for short sales will be reduced from the previous 30% of the daily average trading volume over the last 30 business days to 3%.
• Third, the required margin for short selling listed securities will be adjusted from 90% to 130%.

Additionally, there are reports that the Stock Exchange may limit declines to between 5% and 7%, with the Stock Exchange indicating that its chairman will provide explanations on the morning of the 7th and emphasize that there will be no restrictions on price fluctuations. Experts believe that it is necessary for the National Security Fund to intervene to stabilize financial markets and public sentiment. Everyone is looking forward to further developments on the 7th.