Andrea Wong News
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Taiwan’s dollar headed for a second weekly loss on speculation Asian policy makers will allow their currencies to weaken to safeguard exports after the yen fell to the lowest since 2008.
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Highland Capital Management, a company formed by the government of China’s Yunnan province, will raise as much as 15 billion yuan ($2.4 billion) to invest in real estate and natural resources in Southeast Asia.
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Taiwan’s dollar advanced to the strongest level in three months after global funds accelerated purchases of local equities and as the island’s benchmark share index touched a 21-month high.
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Taiwan’s dollar rose for a second day and government bonds declined as the island’s benchmark share index rallied to a 21-month high following U.S. jobs data that added to optimism the world’s largest economy is improving.
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Taiwan’s dollar strengthened for a third week as the island’s shares rallied to a 21-month high. Government bonds rose after economic growth trailed estimates.
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Taiwan’s dollar rose for a fourth day, the longest winning streak since October, after overseas investors boosted their holdings of the island’s shares last week by the most in more than two months.
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Taiwan’s dollar rose to a three- month high as overseas investors increased holdings of local stocks. Bonds extended their biggest advance in almost two years after economic growth missed economists’ estimates.
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Taiwan’s dollar rose to a six-week high as foreign funds turned net buyers of the island’s stocks. Government bonds gained on concern a bird flu outbreak will hurt the economy.
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Taiwan’s government bonds rose, pushing the five-year yield to the lowest level in almost seven weeks, as investors sought safety in sovereign debt amid signs the island’s economy is weakening. The local dollar rose.
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Taiwan’s government bonds gained, with the five-year yield dropping toward a six-week low, as investors sought safety in sovereign debt amid signs the local economy is weakening. The local dollar rose.
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