XM Amerika Qoʻshma Shtatlari fuqarolariga xizmat koʻrsatmaydi.

Taiwan shares plunge to six-week low, other Asian stocks steady



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>EMERGING MARKETS-Taiwan shares plunge to six-week low, other Asian stocks steady</title></head><body>

Updates at 0637 GMT

TMSC down 6.5%, drag Taiwan shares lower

Most regional equities set for weekly loss

Rupiah at two-week low; cenbank intervenes

U.S. PCE data in focus

By Shivangi Lahiri

July 26 (Reuters) -Taiwan stocks languished near a six-week low onFriday as investors there joined the global tech rout on worries of stretched valuations, while other regional equities trended higher recovering from the previous session's losses.

TSMC 2330.TW, the world's largest contract chipmaker and major Apple AAPL.O supplier, tumbled 5.6% in its worst session since mid-April, dragging Taiwan's benchmark .TWII 3.3% lower. The benchmark was set to log a second straight weekly loss, falling 3.3%.

The Taiwanese market was shut for the last two days due to Typhoon Gaemi.

MSCI's gauge of Asian emerging market equities .MIMS00000PUS was down 0.4% atits lowest level since mid-June. TSMC makes up just over 12% of the index. A broader index of Asian shares .MIAP00000PUS extended its 1.9% drop from the previous day.

Both indexes were also headed for a second successive weekly loss.

Investors have been fleeing out of global tech stocks overconcerns about escalations in U.S.-China trade tensions, implications of a Donald Trump presidency, lacklustre megacap earnings and valuation concerns.

However, someanalysts say the decline is also a course correction after the rally through to June when markets touched record highs.

"Some technology valuations are a bit stretched and we are seeing some sort of correction on that front," Michael Wan, senior currency analyst at MUFG said.

"Taiwan and South Korea should benefit from a fundamental perspective from greater improvement in electronic exports, notwithstanding the stretched equity valuations we see right now," Wan added.

Investors now await U.S. personalconsumption expenditure data - theFederal Reserve's preferred measure of inflation - due later in the day.

The Fed meets next week and CME's FedWatch tool currently showsa 100% chance it will begin easing interest rates in September.

Elsewhere, shares in Jakarta .JKSE rose 0.5%, while those in Manila .PSI advanced 0.6% after resuming trade following a two-day break because of the typhoon. South Korean shares .KS11 recovered from their six-week low, advancing 0.8%.

In Singapore, stocks .STI and the dollar SGD= were largely unchanged after the monetary authority kept its policy settings unchanged as it expects the economy to strengthen over the rest of 2024.

Most regional equities were headed for weekly losses, with South Korean shares set to decline for the third consecutive week.

Among currencies, the South Korean won KRW=KFTC and the Indonesian rupiah IDR= slipped around 0.3% and 0.2%, respectively, while the Philippine peso PHP= rose 0.2%.

The rupiah's fall to a two-week low of 16,295 per dollarprompted the central bank to intervene in the foreign exchange market. Late last month, the currency had depreciated to its weakest since April 2020 before recovering over the past three weeks.


HIGHLIGHTS:


** Indonesia's 10-year benchmark yield ID10YT=RR at 6.892%

** Japan urges G20 vigilance against excessive FX fluctuations

** POLL-Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease



Asia stock indexes and currencies at 0637 GMT




COUNTRY

FX RIC

FX DAILY %

FX YTD %

INDEX

STOCKS DAILY %

STOCKS YTD %

Japan

JPY=

+0.16

-8.22

.N225

-0.53

13.16

China

CNY=CFXS

-0.08

-2.11

.SSEC

-0.27

-3.23

India

INR=IN

-0.02

-0.61

.NSEI

0.98

13.41

Indonesia

IDR=

-0.31

-5.52

.JKSE

0.51

0.06

Malaysia

MYR=

+0.11

-1.40

.KLSE

-0.12

10.90

Philippines

PHP=

+0.27

-5.19

.PSI

0.62

4.06

S.Korea

KRW=KFTC

-0.20

-7.06

.KS11

0.78

2.89

Singapore

SGD=

+0.05

-1.75

.STI

0.03

5.90

Taiwan

TWD=TP

+0.01

-6.40

.TWII

-3.29

23.36

Thailand

THB=TH

+0.33

-5.33

.SETI

0.64

-8.19



Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

Asian stock markets https://tmsnrt.rs/2zpUAr4


Reporting by Shivangi Lahiri in Bengaluru; Editing by Eileen Soreng

</body></html>

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.

Riskdan ogohlantirish: Kapitalingiz risk ostida. Kredit yordamiga ega mahsulotlar hammaga ham toʻgʻri kelmasligi mumkin. Bizning Risklardan ogohlantirishimiz bilan tanishib chiqing.