讀後心得

The Financial Supervisory Commission announced three temporary measures to stabilize the Taiwan stock market from April 7 to 11, following a significant drop in the stock market due to U.S. tariff policies. These measures include: allowing investors to use various types of collateral to make supplemental margin payments, lowering the daily limit on short-selling orders to 3%, and increasing the margin ratio for short selling from 90% to 130%. The stock exchange will also hold a briefing today to explain the related response measures. The Financial Supervisory Commission stated that it will continue to monitor international financial conditions and domestic market situations and adjust measures as necessary.

The Trump administration's reciprocal tariff policy has led to significant declines in the U.S. stock market and global markets. To stabilize the market before today's opening of the Taiwan stock market, the Financial Supervisory Commission (FSC) announced a series of three major measures yesterday (6th) and will hold a "Capital Market Response Measures Briefing" at 8 a.m. today, which will be explained by the chairman of the Taiwan Stock Exchange.

The FSC pointed out that due to the impact of the U.S. reciprocal tariff policy, stock markets in various countries have experienced significant fluctuations. Moreover, the Taiwan stock market has not been able to respond timely during the recent holiday, and the lack of clarity in international market information has increased uncertainty regarding the stability of Taiwan's capital market. Given the complex and variable nature of international trade and tariff issues, the FSC announced the following temporary measures to be implemented from April 7 to April 11:

• Investors, with the approval of securities finance companies or brokers, may use other collateral that has market liquidity and can be objectively assessed for value to make up the difference in financing down payments or margin requirements for short selling.
• The daily limit on the number of short-selling orders will be reduced from the original 30% to 3%. However, short selling due to special circumstances such as the issuance of warrants or index investment securities is not subject to this restriction.
• The minimum margin requirement for listed and over-the-counter securities for short selling will be increased from 90% to 130%.

During the above period, the FSC will continue to monitor the international financial situation and the domestic capital market conditions and will adjust related stock market stabilization measures as necessary.