Taiwan will loosen the daily trading limit for shares to 10 per cent from 7 per cent, a Taiwanese regulator said on Tuesday.
The measure, which has been discussed by regulatory authorities for some time, is aimed at bringing the domestic bourse in line with international norms and boost the trading volume.
The increase in the maximum trading limit will take effect from August 3, the Financial Supervisory Commission said in a statement.
The new daily limit will allow shares to trade a maximum of 10 per cent up or down from the previous session’s close.
The main TAIEX index ended up 0.66 per cent on Tuesday, before the announcement.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.