Taiwanese Stocks Soar, Central Bank Intervenes in Foreign Exchange Market, April Foreign Exchange Reserves Return to Over US$600 Billion
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Taiwan's central bank announced that its foreign exchange reserves reached US$602.488 billion at the end of April, an increase of US$5.602 billion from the previous month, once again surpassing the US$600 billion mark. This was attributed to booming Taiwanese stocks attracting foreign capital inflows and the central bank's intervention to balance the foreign exchange market.