Stabilization fund readies for possible stock market intervention
Posted on 2025-04-09 07:14:13
The National Financial Stabilization Fund's management committee is allowing intervention in the stock market to ease volatility and reassure investors.
This comes as share prices on the local main board continue to tumble on the back on investor uncertainty over sweeping global tariffs imposed by the United States.
The intervention was agreed upon after the committee held talks during a meeting originally scheduled for next Monday.
The committee says the funds will enter the market as early as today.
It will be the ninth intervention since the fund was established in 2000.
The National Financial Stabilization Fund was also triggered in 2004, 2008, 2011, 2015, 2020 and 2022.
The fund's largest intervention by volume was in October of 2000, when it entered the market with 120-billion N-T amid fears over the dotcom bubble, spiking oil prices, and the suspension of construction on the fourth nuclear power plant.
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