Taiwan Stocks Rebound as Government Steps In To Calm Markets

Taiwan's benchmark Taiex index rebounded sharply on Monday after a steep sell-off last week, climbing nearly 5% to close at 41,661 points. During intraday trading, the index surged by about 2,000 points as investors responded to government measures aimed at stabilizing the market. Taiwan's National Financial Stabilization Fund approved more than US$15 billion to support markets, while the Financial Supervisory Commission introduced steps including restrictions on short selling.