Taiwan's foreign-exchange reserves at the end of August rose from a month
earlier, as the central bank entered the forex market to prevent the US
dollar from falling further against the NT.

Data released by the central bank show the country's forex reserves stood
just below US$602 billion at the end of last month up US$7.6 billion from a
month earlier.

That ends a two-month decline.

The rebound was the steepest on-year increase in more than a year.

A central bank official said foreign institutional investors moved large sums
out of the local market in July after receiving huge cash dividends from the
listed companies in which they invested, causing the Taiwan dollar to
depreciate.

In August, foreign investors registered a net fund inflow of about US$1.2
billion as they hunted for bargains in Taiwan.

That boosted the NT, prompting the central bank to intervene -- buying
greenbacks to stabilize the pair of currencies.

CNA_JvW