Taiwan slashed short sale order caps from 30% to 3% to stop severe market drops. $EWT $SMH
Foreign investors sold over $45B of shares this quarter. The Finance Ministry said it is prepared to deploy its $15B stock stabilization fund.
$TSM led the drop as global chip shares faced intense selling pressure.
TSMC:
PEG ratio = 0.46
Net margin = 51.12%
Seeking Alpha Quant Rating for Taiwan Semiconductor: Strong Buy.
Will Taiwan's short-selling clampdown stop the slide?