The Traderszone Network

Published in TZ Latest News 9 August, 2017 by The TZ Newswire Staff

Taiwan Unleashes ‘Plunge Protection Team’ To Rescue Stocks Amid Korean Tensions

Amid a two-day tumble in stocks, Taipei-based Economic Daily News reports that the Taiwanese government unleashed its ‘Plunge Protection Team’ yesterday as the local stock market fell on growing tensions between the U.S. and North Korea.

Eight Taiwan government-run banks bought combined net NT$1.96 billion (around US$65 million) of shares Wednesday to stall the slump…

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