FOREIGN INVESTING:
Investors from around the world have set records over the past several months as money pours into explosively expanding Taiwanese holdings
Staff writer, with CNA
Foreign exchange reserves at the end of last month moved higher for the second consecutive month, while foreign investors’ holdings in Taiwan-listed stocks, bonds and New Taiwan dollar-denominated deposits neared US$1.9 trillion, the central bank reported on Friday.The nation’s foreign exchange reserves rose US$2.586 billion from a month earlier to US$605.07 billion, largely due to an increase in interest income and a rise in returns from the central bank’s investment portfolio.The central bank last month intervened to smooth the NT dollar’s volatility, but the intervention was two-way, offsetting the impact in each direction, so it only had a limited impact on the month’s foreign exchange reserves, Department of Foreign Exchange Director-General Eugene Tsai (蔡炯民) said.
Currencies from countries across the world are pictured in a photo taken in Beijing in 2016.
