Lead Story
Taiwan Market, Locked Limit Down
Taiwan Outlook 2008-10-26
NEW WEEK, NEW ‘CURE’
The Taiwan market stopped its freefall thanks to a 3.5% trading limit. Not that a trading limit will actually DO anything, but it makes the politicians feel as if they had done something. Finding a way to cure the symtom while making the problem worse. The last two days of [...]
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Marc Cuban, on his blog ( blogmaverick ) made a suggestion for a $0.10 tax on every share traded. Tax every ...
Morning Tea
Taiwan Raises Limit, Korea Lowers RateTaiwan Raises Limit
Sunday night the 金管會 ( Taiwan Financial Supervisory Commission ) raised the daily limit to 7% from 3.5%. Noting that liquidity had dried up in the past sessions where the daily limit was 3.5%.
Korea Lowers Rate
The South Korean central bank( 한국은행 ) cut its benchmark interest rate by 0.75 percentage points to 4.25%