Taiwan, seeking to rein in the local dollar and boost export competitiveness, tightened limits on domestic banks’ bullish bets on the currency following the yen’s tumble to the lowest level since 2008.
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.
China’s five-year interest-rate swap declined to a five-month low on speculation the central bank will refrain from tightening monetary policy after growth in the world’s second-biggest economy unexpectedly slowed.
Taiwan’s government bonds rose, halting a three-day drop, as economists predict the central bank will keep its benchmark interest rate unchanged for a seventh straight meeting as growth falters. The currency advanced.