-- Taiwan's National Financial Stabilization Fund said it will continue monitoring market conditions but sees no need to intervene at the moment, citing strong domestic fundamentals despite global volatility driven by Middle East tensions, the country's Ministry of Finance said Monday.
The fund noted that Taiwan's stock market has remained stable following its withdrawal from the market earlier this year, with the benchmark index rising about 16% since Jan. 12. It recorded a net income of NT$8.05 billion and held stocks worth NT$3.56 billion as of March, with unrealized gains of NT$1.27 billion.
The stabilization fund ended its 279-day intervention period in January, during which it was deployed to curb volatility linked to external shocks. Authorities said strong exports, resilient domestic demand and solid corporate earnings continue to support Taiwan's financial stability despite ongoing geopolitical risks.