Taiwan to increase daily share trading limit to 10% from Aug 3

[TAIPEI] Taiwan will loosen the daily trading limit for shares to 10 per cent from 7 per cent, a Taiwanese regulator said on Tuesday.

The measure, which has been discussed by regulatory authorities for some time, is aimed at bringing the domestic bourse in line with international norms and boost trading volume.

The increase in the maximum trading limit will take effect from Aug 3, the Financial Supervisory Commission said in a statement.

The new daily limit will allow shares to trade a maximum of 10 per cent up or down from the previous session's close.

The main TAIEX index ended up 0.66 per cent on Tuesday, before the announcement.

REUTERS