Stimulus Package Unlikely To Convince Investors

September 2008 | Market Strategy

Taiwan's stock market has failed to receive a boost from a cut in stock trading tax, with the TAIEX index plunging by 3.19% to 6,251.95 on September 11, reflecting weakness in Asian equities across the board today. Taiwanese Vice Premier Paul Chiu has announced that the government will halve the island's tax on stock trading, from the current 0.30% to 0.15%, for a period of six months. The tax cut forms part of a series of measures designed to boost the sagging Taiwan economy and the equity markets.

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