Taiwan says daily stock turnover increase to T$150 bln would be 'reasonable'

May 23, 2016 6:51 AM

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TAIPEI May 23 Taiwan's top financial regulator said on Monday an increase in daily turnover of local stocks to T$150 billion ($4.6 billion) from current levels would be a "reasonable" increase, given the market's price-to-earnings ratios have been revised down.

Daily turnover of the broader market has been hovering around $2 billion recently, reflecting investor concern over the island's sluggish trade-reliant economy.

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