Taiwan Bond Yield Sinks to Record Low Amid Rout in Global Stocks
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Taiwan’s government bonds rose, pushing the 10-year yield to the lowest on record, as investors sought the safety of sovereign debt amid a global selloff in stocks.
The Taiex index of shares slid 4.8 percent to its lowest close since 2012, after entering a bear market last week as it tumbled more than 20 percent from a 15-year high on April 27. Equities plunged across Asia after U.S. stocks capped their biggest two-day retreat in almost four years on Friday on concern about the global economic outlook.