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To: ForYourEyesOnly who wrote (43611)	3/20/2000 3:44:00 AM
From: AllansAlias	Read Replies (1) \| Respond to of 99985

TAIPEI (Reuters) - Taiwan's finance ministry said on Sunday it was cutting the stock market's daily downward volatility limit to 3.5 percent from the current seven percent, effectively Monday. The move was an attempt to reduce shock in the stock market after Taiwan elected as president the leader of a pro-independence party reviled by China. The ministry, in a statement, said the temporary measure would last for two weeks until April 1. The upward volatility limit would remain unchanged at seven percent, it said. ----- Taiwan stocks fell to near their newly narrowed 3.5 percent volatility limit at the open, although the massive stock stabilisation fund appeared to have entered in late trade to pare losses, brokers said. The TAIEX closed down 2.59 percent, at 8,536.05, on very thin turnover of T$79.62 billion.