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Add as a preferred source on GoogleTaiwan Puts $15 Billion Behind Stock Market as Seoul and Beijing Act
Bank of America strategist Michael Hartnett said the moves show policymakers view equities as too important to fail and help explain why few investors are shorting stocks.
Bank of America strategist Michael Hartnett sees Taiwan’s $15 billion stock-market support, alongside measures in Seoul and Beijing, as evidence that policymakers view equities as too important to fail.
Hartnett said the policy stance helps explain why few investors are shorting stocks.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.