Business

Stabilization Fund to Remain Inactive Amid Middle East Conflict

Taipei: The management committee of the National Financial Stabilization Fund has decided not to step in to support Taiwan’s stock market despite disruptions caused by ongoing conflict in the Middle East, according to the Ministry of Finance (MOF).

Taiex Reaches New High Despite U.S. Hormuz Strait Blockade Threats

Taipei: Shares in Taiwan closed slightly up at a new closing high Monday after recouping earlier losses, despite U.S. President Donald Trump’s threats to blockade the Strait of Hormuz after failing to reach an agreement with Iran, dealers said. The Ta…