Taipei, March 20 (CNA) No "unusual phenomenon" occurred across the Taiwan Strait in the immediate wake of the island's March 18 presidential election, according to a news release issued by the Executive Yuan on Monday.
The press release was issued after an Executive Yuan meeting convened to evaluate the cross-strait situation following the election victory of Chen Shui-bian of the pro-independence Democratic Progressive Party (DPP).
The ad hoc meeting was presided over by Premier Vincent Siew and attended by officials including the heads of the interior, national defense, economic affairs, and finance ministries, as well as Mainland Affairs Council, Central Bank of China, and Government Information Office chiefs.
The meeting heard that with regard to the island's bourse, the Finance Ministry has taken measures such as limiting the daily maximum allowable fall to 3.5 percent from the current 7 percent, effective on Monday. The maximum daily increase remained unchanged at 7 percent.
The measures are applicable to the Taiwan Stock Exchange, the OTC market and the commodities market, and will initially remain in place for two weeks, according to Finance Minister Paul Chiu.
Meanwhile, the supervisory board of the National Stabilization Fund (NSF) also held a meeting at which a resolution was reached that the executive section of the body will be authorized to utilize the NSF to support the stock market whenever necessary during the two-week period, according to the news release.
In addition, Siew demanded that the departments responsible for law and order do their best to maintain domestic stability, and added that the people of Taiwan can rest assured that public affairs in general have been handled smoothly by the government. (By Eva Chen)
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