Foreign investors post record-high inward remittances of USD 5.332 billion in November

December 22, 2005

Not only have foreign investors raised their share of the Taiwan Stock Exchange to around 30% this year, in November they racked up their highest-ever inward remittance value for a single month, according to the Financial Supervisory Commission. At USD 5.332 billion, November's inward remittances by foreign investors even outdo the previous record of USD 4.809 billion set earlier this year in June.

While the boost in June was attributed to the decision of Morgan Stanley Capital International to raise its weighting of Taiwanese stocks, November's record remittances were due to a buying spree that raised the share of the market value of the TAIEX held by foreign investors to a record-high 30%.

Foreign investors have posted a buying surplus of around NTD 496.2 billion on the TAIEX this year up to December 2. In the same period, these investors have racked up a buying surplus of NTD 61.3 billion on Taiwan's over-the-counter stock market.

(Central News Agency)

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