Asian currencies, equities jump on soft US data; Indonesian rupiah leads gains
.
Indonesian rupiah top gainer
Malaysian ringgit up 0.5%
Bangkok stocks gain 0.4%
By Sherin Sunny and Echha Jain
Aug 14 (Reuters) -Most Asian currencies and equities rallied on Wednesday after soft U.S. producer prices data stirred hopes of benign consumer price inflation, with the Indonesian rupiah and Malaysian ringgit leading gains in the region.
The Indonesian rupiah IDR= appreciated 1% against the greenback to hit its highest level since March 21, whilelocal equities jumped 0.8%.
Indonesian government's revenue stabilised in July, the finance minister said on Tuesday, amid higher spending, including for a new capital named Nusantara that is expected to potentially attract investor interest.
Analysts also expect Bank Indonesia (BI) to cut interest rates at its next policy meeting.
"In addition to the rupiah staying well behaved, BI may also need greater confidence that Federal Reserve easing is at hand before starting its own cuts," said Barclays analysts.
The Malaysian ringgit MYR= closely followed the rupiah's lead and gained 0.5%. Equities .KLSE were flat.
The country's economy likely grew at its fastest pace in 18 months in the second quarter on a strong rebound in exports and higher household consumption, according to a Reuters poll.
Malaysia's gross domestic product data is due on Friday.
Other stock markets in emerging Asia rose, with the exception of China and Malaysia, ahead of key inflation numbers from the U.S. that could add to expectations for a September rate cut.
Equities in Singapore .STI and Philippines .PSI gained 0.4% and 0.6%, respectively.
Currencies in the region were mostly upbeat with both the Taiwan dollar TWD=TP and the South Korean won KRW=KFTC appreciating 0.5%.
Stocks in Bangkok .SETI surged 0.4% and the Thai baht <THB=TH>was last up 0.2% against the U.S. dollar, whichremained on the back foot after softer U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year.
A Thai court is expected to rule later in the day on whether Prime Minister Srettha could be dismissed after less than a year in office by deciding if he violated "ethical standards" by appointing previously jailed Pichit Chuenban to cabinet.
"If the PM survives the case, it could be quite positive for Thai assets as it could mean subsided political uncertainty," Poon Panichpibool, a markets strategist at Krung Thai Bank, said, pointing to theturmoil in Southeast Asia's second-largest economy.
HIGHLIGHTS:
** Indonesia's July trade surplus expected to rise to $2.45 bln,Reuters poll shows
** Japan's Prime Minister Kishida toresign, paving way for new leader
** Singapore's Olam Grouplogs marginal rise in profit despite higher costs
Asia stock indexes and currencies as of 0700 GMT | ||||||
COUNTRY | FX RIC | FX DAILY % | FX YTD % | INDEX | STOCKS DAILY % | STOCKS YTD % |
Japan | JPY= | -0.26 | -4.18 | .N225 | 0.58 | 8.90 |
China | CNY=CFXS | +0.07 | -0.72 | .SSEC | -0.42 | -4.00 |
India | INR=IN | +0.05 | -0.86 | .NSEI | 0.10 | 11.18 |
Indonesia | IDR= | +1.02 | -1.75 | .JKSE | 0.82 | 1.98 |
Malaysia | MYR= | +0.52 | +3.78 | .KLSE | -0.04 | 10.60 |
Philippines | PHP= | -0.16 | -2.95 | .PSI | 0.57 | 3.70 |
S.Korea | KRW=KFTC | +0.46 | -5.32 | .KS11 | 0.88 | -0.41 |
Singapore | SGD= | +0.01 | +0.17 | .STI | 0.44 | 1.01 |
Taiwan | TWD=TP | +0.48 | -4.89 | .TWII | 1.06 | 22.85 |
Thailand | THB=TH | +0.20 | -2.16 | .SETI | 0.44 | -7.94 |
Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
Asian stock markets https://tmsnrt.rs/2zpUAr4
Reporting by Sherin Sunny and Echha Jain in Bengaluru; Editing by Kim Coghill and Janane Venkatraman
免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。