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Ministry urges calm amid TAIEX rout ECONOMIC BACKBONE: While restrictions would weigh on catering and tourism, high-tech firms in the Hsinchu Science Park might face fewer disruptions, an official said By Chen Cheng-hui / Staff reporter The Ministry of Finance on Saturday urged investors to stay calm after a spike in domestic COVID-19 infections and a global technology shares selloff unnerved the local stock market last week. The ministry said that Taiwan’s economic fundamentals remain sound. The Liberty Times (the Taipei Times’ sister newspaper) reported yesterday that Deputy Minister of Finance Frank Juan (阮清華) said that the government would pay close attention to the developments of the local stock market and the COVID-19 situation, adding that the National Stabilization Fund, of which Juan is the executive secretary, might hold an impromptu committee meeting on whether action is necessary.

T ai peiFrank juanKao shih chingMason liJeff changMinistry of finance onTaishin securities investment advisory coMinistry of economic affairs onSecurities investmentUnited microelectronics coCommittee on novTaiwan semiconductor manufacturing coConsulting associationNational stabilization fundHsinchu science parkChen cheng hui