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.
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.
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.
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.
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.