TSMC Helps Stabilization Fund Net NT$7.7 Billion in Market Intervention
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TSMC helps stabilization fund net NT$7.7 billion in market intervention
Taipei, Aug. 7 (CNA) Trading in shares of contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) during the latest market intervention helped Taiwan's National Financial Stabilization Fund earn about NT$7.7 billion (US$239 million), according to figures released by the fund Thursday.
The National Stabilization Fund recently disclosed its holdings details for its ninth round of market intervention. In response to the severe market turmoil caused by the US's reciprocal tariffs, the National Stabilization Fund launched its longest-ever market intervention in April last year, lasting 279 days before withdrawing. A total of NT$12.25 billion was invested in eight blue-chip stocks, and all investments ultimately yielded profits, ac…
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