讀後心得

The Financial Supervisory Commission announced three market rescue measures on April 6 in response to the market impact caused by the United States imposing a 32% tariff. The measures include adjusting the daily sell-short limits and the margin ratio for short-selling, temporarily restricting short-selling from April 7 to 11, and allowing diverse collateral as a supplement for financing gaps. This move has attracted attention from many foreign media outlets, which reported that the Taiwan stock market failed to respond to market changes during the recent trading suspension and may face significant fluctuations when the market opens tomorrow.

The Financial Supervisory Commission (FSC) announced today (6th) three measures to stabilize the market, including adjusting the daily borrowing and selling order quantity for securities and the margin requirement for short selling, as well as temporarily limiting short selling from April 7 to 11. This action has drawn attention from several foreign media outlets.

• The reciprocal tariffs imposed by U.S. President Trump have caused severe impacts globally, with Taiwan also facing a 32% tariff increase. Therefore, the FSC announced three major measures today to respond to this changing situation.
• The measures include:
  • Investors are allowed to use other diversified collateral that has market liquidity and can be reasonably assessed for value to make up for the margin deficiencies for financing or short selling, with the agreement of securities finance companies or brokers.
  • The daily borrowing and selling order quantity is reduced from no more than 30% of the average trading volume of that type of security over the past 30 trading days to 3%. However, short selling related to certain scenarios, such as issuing warrants and index investment securities, may remain unrestricted.
  • The minimum margin requirement for short selling of listed and over-the-counter securities is adjusted from 90% to 130%.
• The FSC's measures have rapidly been reported by foreign media, which mentioned that the Central Bank of Taiwan expressed confidence in maintaining exchange rate stability and considered the risks of significant declines in the Taiwan stock market and outflows of foreign capital.
• Additionally, foreign media discussed the reactions of various countries to Trump's tariffs, noting that the Taiwanese government chose not to retaliate and instead provided support for industries, contrasting with the retaliatory tariffs from countries like Canada and China.

The FSC hopes that these measures will stabilize the market and protect investors' interests in response to the market volatility triggered by Trump.