Taiwan Stocks Plunge on AI Selloff; Regulator to Curb Short Selling and Mulls Stabilization Fund

PANews, November 6 - According to Bloomberg, Taiwan's Taiex index plunged as much as 9% intraday on Friday amid intensified AI stock selloff, entering a bear market and posting its worst weekly drop since 2001. Taiwan's Financial Supervisory Commission (FSC) said after market close that it will restrict short selling starting November 9, capping same-day securities lending sell orders at 3% of the stock's average daily trading volume over the past 30 days. Taiwan's Ministry of Finance also said it is prepared to deploy a stock market stabilization fund of NT$500 billion (approximately $15 billion). BitMEX co-founder Arthur Hayes reposted the report on X, saying "The AI bailout has begun."