Taipei, Dec. 5 (CNA) Taiwan's international alternate reserves (foreign exchange) set a brand new excessive in November, hitting US$474.051 bill
Taipei, Dec. 5 (CNA) Taiwan’s international alternate reserves (foreign exchange) set a brand new excessive in November, hitting US$474.051 billion, the nation’s central financial institution reported Thursday.
That represents a rise of US$1.575 billion from the tip of October, due to returns from the financial institution’s administration of foreign exchange reserves, mentioned Harry Yen (顏輝煌), director-general of the financial institution’s Division of International Change.
In November, the worth of Taiwanese shares, bonds and deposits in Taiwan greenback phrases held by international institutional traders totaled US$423.9 billion, accounting for 89.four p.c of Taiwan’s whole foreign exchange — the best ratio in almost 20 months, the financial institution mentioned.
That additionally represents a rise of US$7.1 billion from October, when it accounted for 88 p.c of the nation’s whole foreign exchange, it mentioned.
The financial institution attributed the rise primarily to the rising inventory market in Taiwan, which it mentioned climbed 1.15 p.c final month due to internet shopping for by international traders.
In November, the worth of international and Chinese language capital channeled into Taiwan totaled US$2.949 billion, the third month that it registered a internet influx, the Monetary Supervisory Fee (FSC) reported Thursday.
In the course of the first 11 months of the 12 months, inflows of aggregated international and Chinese language capital reached US$12.049 billion, the FSC mentioned.
In the meantime, international and Chinese language capital in Taiwan totaled…