TAIPEI (Taiwan News) — Taiwan’s stock market continued to fall on Wednesday after the National Financial Stabilization Fund approved an up to NT$500 billion (US$15.16 billion) intervention the day before.

The market closed down 5.79%, losing 1,068 points during trading, with major tech stocks declining alongside small and medium-sized companies, per ET Today Finance. Foxconn shares hit their lower limit for the third day, losing 10%, Acer declined 9.98%, TSMC lost 3.8%, and MediaTek lost 6.75%.

Taifu Cement Products was the top-performing stock, gaining nearly 10%. That was followed by department store firm Vitafoss, precision moulding company Logah Technology, Cosmo Electronics Corporation, and automotive accessory firm Aiptek, which gained 7-10%.

The National Financial Stabilization Fund on Tuesday evening said it would intervene in the market to counter the effects of US President Donald Trump’s tariff announcement last week. The move appears to have dampened downward pressure on the market, with fewer losses on Wednesday than the previous two days.

The National Financial Stabilization Fund is a NT$500 billion (US$15.16 billion) resource the Cabinet can use to intervene in markets during “major external events.” The fund said it approved stock market intervention due to a sharp decline in investor confidence caused by foreign capital outflows during the first two months of the year, as global markets braced for Trump’s tariffs announcement.