Asian equities bounce off global carnage; ringgit slips
Most equities gain; Taiwan, South Korea lead
Singapore shares down 1% due to pressure from banks
Ringgit slips 1% and off one-year high
Philippine inflation quickens in July
Updates as of 0630 GMT
By Sameer Manekar
Aug 6 (Reuters) -Equities in Asian emerging markets regained some footing on Tuesday after a brutal global sell-off a day earlier, although investors continue to grapple with the yen-funded carry trades and worries over a slowdown in the United States.
An MSCI gauge of Asian emerging market equities outside of Japan .MIAPJ0000PUS rose as much as 2% to mark its best day since early June, after sliding 4.2% on Monday.
An index, including Japanese stocks .MIAP00000PUS, advanced up to 4% as the Nikkei .N225 staged a sharp recovery.
Tech-heavy indexes in Taiwan .TWII and South Korea KOSPI .KS11 jumped up to 4.6% and 5.6%, respectively. The KOSPI marked its best intraday gain since last November.
In Southeast Asia, benchmarks in Indonesia .JKSE, Malaysia .KLSE, and Thailand .SETI added between 0.2% and 1.5%, although Singapore's FTSE Straits Times .STI fell 1% on pressure from banks.
An unwinding of yen carry trades, lukewarm tech earnings, and fears that the U.S. could be sliding into recession convulsed equity markets on Monday, prompting investors to dump their risky assets and move into safer bonds.
"The size of sell-offs seen thus far is too much and fears of a recession in the U.S. economy have eased," Ryota Abe, an economist at SMBC said.
"Market sentiment will improve with some higher caution on the global economy and the geopolitical risks than before," Abe said.
He added that upcoming U.S. economic data may suggest the slowdown is continuing which "may bring a view that the economy will someday be going to enter recession".
Currencies in the region were on the back foot as the greenback =USD edged higher, recovering from a near seven-month low touched on Monday.
The Malaysian ringgit MYR= led losses in the region with a more than 1% fall. The currency surged 2.3% in the prior session to touch its highest level since April last year.
The unit has seen stellar growth since mid-April, advancing about 7% on a host of factors including political stability and growing foreign interest. It is the only regional currency in positive territory so far this year with nearly 3% gains.
Elsewhere, South Korea's won KRW=KFTC lost 0.4%, while other regional currencies edged lower.
Meanwhile, the Philippine central bank's governor said an interest rate cut at their meeting next week was "little less likely" after data showed annual inflation in the archipelago nation accelerated at a faster-than-expected pace last month.
HIGHLIGHTS:
** Indonesia's 10-year yield ID10YT=RR ticks higher to 6.820%
** Japan top currency diplomat Mimura says closely watching FX moves
**BOJ executives to speak as market rout tests rate hike resolve
** Singapore's Temasek adds three new external hires to its leadership team
Asia stock indexes and currencies as at 0630 GMT | ||||||
COUNTRY | FX RIC | FX DAILY % | FX YTD % | INDEX | STOCKS DAILY % | STOCKS YTD % |
Japan | JPY= | -1.14 | -3.27 | .N225 | 10.23 | 3.62 |
China | CNY=CFXS | -0.13 | -0.71 | .SSEC | -0.45 | -4.27 |
India | INR=IN | -0.06 | -0.82 | .NSEI | 0.75 | 11.52 |
Indonesia | IDR= | -0.03 | -4.88 | .JKSE | 1.12 | -1.84 |
Malaysia | MYR= | -1.05 | +2.75 | .KLSE | 2.05 | 7.79 |
Philippines | PHP= | -0.03 | -4.23 | .PSI | 0.32 | 0.08 |
S.Korea | KRW=KFTC | -0.41 | -6.37 | .KS11 | 3.55 | -4.79 |
Singapore | SGD= | -0.02 | -0.47 | .STI | -1.03 | -0.93 |
Taiwan | TWD=TP | -0.14 | -5.97 | .TWII | 3.38 | 14.33 |
Thailand | THB=TH | -0.08 | -3.61 | .SETI | 0.47 | -9.55 |
Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
Asian stock markets https://tmsnrt.rs/2zpUAr4
Reporting by Sameer Manekar in Bengaluru; Additional reporting by Himanshi Akhand in Bengaluru; Editing by Sherry Jacob-Phillips
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.
