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Thursday October 26, 7:13 PMTaiwan regulator says to keep stock trading limitTAIPEI, Oct 26 (Reuters) - Taiwan has no immediate plans to widen the current trading limit on intra-day price movements for individual stocks, a top financial regulator said on Thursday.Individual stocks in Taiwan are confined to gains or losses of no more than 7 percent on any given day. The former chairman of the Financial Supervisory Commission (FSC), which oversees the island's stock exchange, had previously said he hoped to expand the band, although he never gave a timetable or more details. But Shih Jun-ji, who became FSC chairman three months ago, said he had no such plans for now. "After looking at past materials, we finally felt that for now we want to maintain 7 percent," he told reporters. "The 7 percent limit is what everyone's used to and people feel safe under this status." In September, equity index complier FTSE kept its classification for Taiwan at advanced emerging market status, partly because of the limits. (US$1=T$33.3) |
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