Taiwan's government ready to prop up stock market

Section:

By Janet Ong
Bloomberg News
Thursday, September 18, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=awTskJv0r7KY&refer=h...

TAIPEI, Taiwan -- Taiwan's government said the "conditions are right" for the government fund to buy stocks after the benchmark Taiex index fell to its lowest in four years.

Taiwan's National Stabilization Fund is monitoring domestic markets and may enter the market when needed, the Cabinet said in an e-mailed statement today.

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