Taipei - Taiwan stocks fell more than 2 per cent Monday despite government measures to stabilize the stock market amid global jitters.
The TAIEX index plunged more than 3 per cent in mid-session trading but closed at 5,020.44, down 110.27 points or 2.15 per cent from the last trading day.
The plunge occurred despite the Taiwan government's announcement of three measures to shore up the stock market.
The new measures including limiting stocks' rise or fall to 3.5 per cent, down form the previous 7 per cent in any trading session, extending the ban on short-selling and continuing to use the National Stabilization Fund to continue to intervene in the market.