Hong Kong Exchanges & Clearing Ltd., the third-biggest bourse operator by market capitalization, will waive some fees to help small brokerages cut costs, after 14 securities firms in the city closed down this year.
Taiwan’s dollar rose to a two-week high as local stocks rallied after the unemployment rate in the U.S., the island’s second-biggest export market, dropped to a five-year low. Government bonds advanced.
Taiwan’s 10-year bonds fell this week, pushing the yield to the highest since Nov. 22, on speculation that improving U.S. data increases the chance the Federal Reserve will pare its stimulus. The local dollar rose.
Dubai and Abu Dhabi are finding that outperforming stocks markets aren’t enough to lure initial public offerings as restrictive regulations and a lack of trading volume persuade local companies to list in London.
Taiwan’s dollar fell for a fifth week, its longest run of losses in 17 months, as global funds sold local stocks amid signs the U.S. is preparing to cut stimulus that’s buoyed emerging markets. Government bonds rose.
Taiwan’s 10-year bonds fell, pushing the yield to a two-month high, after minutes of a Federal Reserve meeting indicated it may cut bond purchases in the “coming months” as the world’s largest economy improves.