The National Stabilization Fund launched market stabilization operations in April last year in response to the stock market crash caused by reciprocal tariffs from US President Trump, lasting 279 days to date, setting a record for the longest market inter
The National Stabilization Fund (NSF，國安基金) held its regular meeting on December 12, not only announcing its Q4 2025 financial report but also declaring the cessation of its market stabilization mission. As the Taiwan stock market climbs above 30,000 points, the National Stabilization Fund has decided to withdraw successfully, marking the end of what has been the "longest market intervention in history" since entering the market on April 9 last year.
The National Stabilization Fund explained that since executing its stabilization mission starting April 9 last year, it has effectively stabilized the market and boosted investment confidence. Stock market trading has been active and orderly, with no longer the conditions specified in Article 8 of the "National Financial Stabilization Fund Establishment and Management Act" regarding "major domestic and foreign events, significant international capital movements that notably affect public confidence, causing capital markets and other financial markets to become disorderly or threatening national stability."
（Related：Exclusive | After Eleven Years in the Wilderness, Tseng Ya-ni Wins Again — and Redefines What Victory Means｜Latest）
Following a consensus decision by the committee, the National Stabilization Fund will cease executing its market stabilization mission effective immediately, returning to normal securities market mechanisms. The fund's staff unit will continue monitoring the impact of domestic and international political and economic developments, and may convene meetings at any time when necessary to discuss whether to authorize market stabilization missions.
According to the National Stabilization Fund's latest financial report, from its market entry on April 9 last year to present, it has deployed approximately NT$12.24 billion (USD$383 million) in funds, with unrealized gains of approximately NT$6.44 billion (USD$201 million), achieving returns exceeding 50% excluding dividends. Compared to last year's third quarter financial report, the National Stabilization Fund did not add any additional funds during the fourth quarter.
Source: National Stabilization Fund Financial Report
Will Taiwan Stocks Decline as National Stabilization Fund Exits
Regarding public concerns about whether Taiwan stocks will face a downturn following the National Stabilization Fund's exit, historical experience shows that after completing its market support mission, the fund typically stops purchasing additional stocks. To maintain market stability, even when announcing its withdrawal, holdings are not liquidated all at once, allowing the market time to gradually absorb selling pressure, thus stock markets typically do not fall immediately.
Since its establishment, the National Stabilization Fund has intervened in markets nine times, with the most recent intervention last April in response to the stock market crash caused by then-President Trump's reciprocal tariff threats. Despite Taiwan stocks having recovered and continuously reaching new highs, the National Stabilization Fund remained steadfast, staying in the market on standby for intervention. As of today, it has lasted 279 days, setting a record as the longest market intervention in history.
On Christmas Eve, Taiwan's Ministry of National Defence posted a light-hearted message announcing that 'Santa Claus' had passed through Taiwan's airspace at 10:41 pm. Military offi......
As humanoid robots inch closer to mass commercialization, a persistent challenge continues to hinder their development: how to provide enough torque and power density within the st......
The Chinese Ministry of Foreign Affairs confirmed on January 20 that it has been invited to join the "Peace Board" currently being organized by U.S. President Donald Trump. Reuters......
Amidst a high-stakes visit to Beijing, Canadian Prime Minister Mark Carney has signed a reciprocal tariff reduction agreement with Xi Jinping (習近平), framing the deal as the corners......
When Taiwan's financial industry discusses AI, most conversations remain confined to "implementing tools and enhancing efficiency," treating AI as mere assistance and hoping it wil......
For more than a decade, Tseng Ya-ni(曾雅妮) lived with a question few elite athletes ever escape: Was her greatest chapter already behind her?Once the youngest player in history to co......
After the global economy unexpectedly weathered 2025, 2026 may carry forward last year's risks or even greater ones, making this year likely another period of turbulence and height......
Taiwan's $39 Billion Defense Plan Targets China's 2035 Military ThreatTaiwan's Executive Yuan approved a draft special budget law in November 2025, allocating an additional NT$1.25......
The American Chamber of Commerce in Taiwan (AmCham Taiwan) on Jan. 16 welcomed a newly reached tariff arrangement between the United States and Taiwan, saying the agreement would b......
The Legislative Yuan has held two consecutive days of public hearings on the presidential impeachment case, with a full committee meeting scheduled for next week to invite impeache......
The Trump administration has demonstrated remarkable audacity in two ways: first, by leveraging alleged violations of DEI requirements—principles the administration itself dismantl......
Nobel Prize-winning economist and former World Bank Chief Economist Joseph Stiglitz returned to Taiwan for the first time in 35 years, warning that the rapid development of artific......
Buoyed by an AI investment boom, U.S. economic data appears robust, with the impact of the Trump administration’s tariff policies yet to be fully reflected in broader economic indi......
Japanese Prime MinisterSanae Takaichi will hold a press conference this evening (19th) to express her position on dissolving the House of Representatives at the beginning of the re......
Regarding the results of Taiwan-UStariff negotiations, Executive Yuan Vice PremierZheng Ligun (鄭麗君) today (16th) pointed out at a press conference at the Representative Office in t......
The Myth of the Cold War's End: How Post-Soviet Chaos Gave Birth to Putin
As an undergraduate, I attended a history course on the Cold War led by Professor John Gaddis.
Two deca......
Taiwan Pushes New Protections for Delivery Workers, Sparks Debate in ChinaTaiwan's legislature passed an act offering new labor protections for delivery workers on June 6.The law s......
Speaking in Taipei on January 13, Nobel Prize-winning economist Joseph Stiglitz warned that the greatest threat to freedom in contemporary society may not come from governments, bu......
Speaking in Taipei on January 13, Nobel Prize-winning economist Joseph Stiglitz argued that freedom should not be reduced to the absence of government intervention. Instead, he sai......
AI Hegemony or Digital Democracy? Deciphering Microsoft’s 2025 Global AI Adoption ReportIn the rapidly evolving landscape of 2025, Microsoft’s latest AI Diffusion Report unveils a ......
According to sources, the "KMT-CCP Forum" that has been suspended for 9 years is confirmed to restart! It is expected that KMT Vice Chairman Hsiao Hsu-tsen will lead KMT think tank......
Taiwan's economic growth rate hit a 15 year high of 7.37% in 2025, driven by robust exports in AI and semiconductors. The head of Taiwan's statistics bureau estimates that the coun......
On the morning of January 3, U.S. forces captured Venezuelan dictator Nicolás Maduro and his wife, Cilia Flores,under an operation codenamed "Absolute Resolve."The U.S. had been as......
Last week, the Office of the United States Trade Representative issued a notice on December 23 stating the country would delay tariffs on Chinese chips until mid-2027, despite cond......
During a flag-raising ceremony at the Presidential Office on January 1, 2026, Taiwan's Executive Premier Cho Jung-tai pronounced four wishes regarding several key policy disputes t......
The US Federal Bureau of Investigation, or FBI, recently issued a warning regarding scams involving Bitcoins at ATMs.Such scams have already resulted in over $333 million in losses......
Following Chinese live fire military exercises around Taiwan on December 30 that infringed upon the island's territorial waters and impacted 941 international and domestic flights.......
China conducted live-fire military exercises in the Taiwan Strait throughout the day of December 30. In response, Taiwanese President Lai Ching-te stated on social media that he h......
Taiwan's first domestically-built submarine, the Hai Kun, recently completed its surface navigation tests, with the manufacturing company stating that the vessel will soon proceed ......
An exclusive interview that Taiwanese President Lai Ching-te gave to the local news outlet Sanlih Television aired on the evening of December 28In the interview, Lai addressed conc......
U.S. President Donald Trump welcomed Ukrainian President Zelensky at his Mar-a-Lago resort in Florida on December 28 for an over two-hour closed-door meeting on a20-point peace dra......
The Chinese army's Eastern Theater Commandannounced on December 29 that it would conduct live ammunition joint strike drills around Taiwan from morning to night the following day, ......
The Japanese news outletYomiuri Shimbun has revealed alleged recordings of a former conversation between a top official at a Chinese military research institute and the manager of ......
Ukrainian President Volodymyr Zelensky recently unveiled a revised draft peace plan jointly developed with the United States, emphasizing that it is Kyiv's most significant effort ......
Eric Maskin, the 2007 Nobel laureate in economics, believes that U.S. President Trump's first year in office has disrupted the global trade order.In an exclusive interview with Sto......
Since taking office at the beginning of 2025, U.S. President Donald Trumphas sparked speculation about future U.S. policy towards Taiwan, particularly in the wake of meeting with C......
Kuomintang Chairwoman Cheng Li-wun stated that while Taiwan and China are independent sovereign states, they both belong to "one China" during a lectureat Soochow University on the......
Several new Taiwanese labor laws are set to come into effect in 2026, impacting workers.The most significant change is adjusting the age at which pensions may be claimed to 65 for......
As China takes a more confrontational stance towards Japanese Prime Minister Sanae Takaichi's administration, traditionalSino-Japanese diplomatic relations have stalled as Tokyo pu......
Taiwan's Legislative Yuan passed a bill to establish a national governance framework for AI development on December 23. The law aims to provide predictable rules around AI researc......
The European Union will officially require importers to declare carbon emission data at the start of 2026, under the Carbon Border Adjustment Mechanism (CBAM).Often dubbed a "carbo......
Five justices from Taiwan's Constitutional Court issued a ruling on December 19, determining that a previous legislative amendment governing its procedures is unconstitutional and ......
A team of Chinese researchers from Shanghai Jiao Tong University and Tsinghua University has unveiled LightGen, the world's first generative photonic chip designed for AI, in an ar......
A 27-year-old man named Zhang Wen killed three pedestrians and injured at least eleven more during a killing spree near Taipei's Zhongshan metro station on December 19, 2025. Predm......
Taiwan People's Party legislator Huang Kuo-chang proposed a motion to impeach Taiwanese Premier Cho Jung-tai at a judiciary committee meeting on December 18. It passed with support......
China enjoyed better-than-expected economic growth in 2025, hitting a record $1 trillion trade surplus in the first 11 months of the year, driven primarily by exports despite incre......
Taiwan People's Party legislative caucus leader Huang Kuo-chang revealed in a radio program on December 17 thatmembers of his party had met with Kuomintang representatives on Tuesd......
Taiwan's Ministry of National Defense announced amended regulations that significantly tightenstandards for exemption from military service on December 12, raising concerns that th......
As Taiwan sits on the cusp of becoming a super-aged society by the end of 2025, more and more elderly individuals find themselves living alone as their children start their own fam......
Taiwan's High Court has overturned a former corruption conviction for former Hsinchu mayor Ann Kao. With the charge dismissed, Kao is now eligible to apply for reinstatement. Memb......
