Asian FX, stocks mixed as Mideast tensions take centre-stage
South Korean won marks worst trading day since early August
Thailand's baht rises 0.8%
Malaysia's ringgit set for worst week in over 4 years
Updates at 0650 GMT
By Shivangi Lahiri and Archishma Iyer
Oct 4 (Reuters) -Emerging Asian currencies and shares were a mixed bag on Friday, with the South Korean won and the Indonesian rupiah weakening the most, as geopolitical tensions in the Middle East clouded investor sentiment.
The prospect of Israel retaliating toTehran's largest-ever assault prompted safe-haven inflows, boosting the greenback, while investors will look out for a key U.S. jobsreport on Friday to gauge the possibility ofanother large ratecut by the Federal Reserve.
The dollar index =USD, which measures the U.S. unit against six peers, was last at 101.88. USD/
"Despite a boost for risk assets emanating from the Fed's 50bp (basis point) cutand China stimulus, rising geopolitical risks and higher oil prices may act as a stumbling block," analysts at Barclays wrote.
"In the event of a supply shock that sends oil prices up by around 20% it would send the USD higher against EM currencies, especially the KRW."
Rising oil prices are detrimental for emerging Asian currencies, except Malaysia, as they weigh on the current account deficits of these nations, which are net oil importers.
Oil prices were little changed on Friday, but remained on track for strong weekly gains, amid a deepening Middle East conflict that could disrupt crude flows. O/R
The South Korean KRW=KFTC won led losses, dipping as much as 0.9%, and was poised for its worst session since early August.
Other currencies, such as the Malaysian ringgit MYR=, Indonesian rupiah IDR=, Taiwan's dollar TWD=TP and the Singapore dollar SGD= traded between flat and 0.5% lower.
The ringgit was set for its worst week since March 2020, while the rupiah was headed for its worst weekly performance since April.
Taiwan markets reopened on Friday after the impact of Typhoon Krathon.
The Philippine peso PHP=, however, rose about 0.3%. The nation's inflation accelerated at its slowest rate in more than four years in September. This was preceded by easing inflation prints in South Korea and Indonesia.
The Bank of Korea is set to meet next week, withinvestors pricing in a rate cut. Central banks in Indonesia and the Philippines have already loosenedtheir respective monetary policies.
Inflation prints from China, Thailand and Taiwan in the coming days will shape their central banks' stances on rates.
Thailand's baht THB=TH, which was subdued for most of the session, rose 0.8% in tandem with gold prices. GOL/
Due to Thailand's position as a major gold trading centre in Southeast Asia, the baht tends to rise whengold prices rise, ANZ said.
"The baht's rise today is quite a surprise to see. One key factor to watch out for is the return of the pickup in the tourism season, so that could provide some flows into the Thai market," said Lloyd Chan, senior currency analyst at MUFG.
South Korean stocks .KS11 rose 0.3%,while Singapore equities.STI were flat.
However, equities in Indonesia .JKSE, Malaysia .KLSE and Taiwan .TWII shed0.4%-0.7%.
HIGHLIGHTS:
** US President Biden does not believe there will be 'all-out-war' in Middle East
** Japan PM Ishiba instructs cabinet to compile fresh stimulus package
** Singapore's disgraced former transport minister jailed for 12 months in landmark case
Asian currencies and stocks at 0650 GMT | ||||||
COUNTRY | FX RIC | FX DAILY % | FX YTD % | INDEX | STOCKS DAILY % | STOCKS YTD % |
Japan | JPY= | +0.58 | -3.44 | .N225 | #VALUE! | #VALUE! |
China | CNY=CFXS | - | +1.14 | .SSEC | - | 12.15 |
India | INR=IN | +0.01 | -0.90 | .NSEI | 0.69 | 17.00 |
Indonesia | IDR= | -0.42 | -0.55 | .JKSE | -0.58 | 3.13 |
Malaysia | MYR= | -0.14 | +8.66 | .KLSE | -0.74 | 12.01 |
Philippines | PHP= | +0.32 | -1.55 | .PSI | 0.51 | 15.14 |
S.Korea | KRW=KFTC | -0.80 | -3.43 | .KS11 | 0.31 | -3.22 |
Singapore | SGD= | +0.08 | +1.81 | .STI | 0.05 | 10.46 |
Taiwan | TWD=TP | -0.48 | -3.92 | .TWII | -0.39 | 24.38 |
Thailand | THB=TH | +0.76 | +3.89 | .SETI | 0.14 | 2.04 |
Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
Asian stock markets https://tmsnrt.rs/2zpUAr4
Reporting by Shivangi Lahiri and Archishma Iyer in Bengaluru; Editing by Lincoln Feast and Sonia Cheema
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
