Foreign exchange reserves rise back above US$600bn

Taiwan's foreign exchange reserves rose to US$602.49 billion at the end of last month, up US$5.6 billion from the previous month. This increase was attributed to investment gains, currency valuation effects, and renewed foreign inflows, despite earlier volatility. The central bank noted that foreign investors made significant net purchases in Taiwanese equities, contributing to capital inflows. The New Taiwan dollar remained stable, and the central bank is prepared to intervene if necessary. In March, reserves had dropped to US$596.89 billion due to geopolitical tensions and capital outflows, but last month saw net inflows of about US$7 billion.