EEM•Indonesia's 10-year bond yield at 7.2922%, lowest since July 21
Indonesia's Q2 economic growth slows year-on-year, but beats forecasts
Philippines' inflation slowed in July due to a weaker pace of increase in transport costs
China AI hardware stocks slump after news U.S. plans to ban imports of Chinese components
| Country | FX daily % | FX YTD % | Index |
|---|
| Stocks daily % |
|---|
| Stocks YTD % |
|---|
| Japan | +0.18 | -0.50 | .N225 | 3.35 | 31.31 |
| China | +0.06 | +3.57 | .SSEC | 1.34 | -2.40 |
| India | +0.44 | -5.36 | .NSEI | 0.00 | -5.80 |
| Indonesia | +0.45 | -7.05 | .JKSE | 0.39 | -26.63 |
| Malaysia | -0.10 | -0.81 | .KLSE | 0.86 | 4.01 |
| Philippines | +0.22 | -3.34 | .PSI | -0.06 | 3.96 |
| S.Korea | +0.40 | +1.14 | .KS11 | 4.42 | 57.56 |
| Singapore | +0.09 | +0.37 | .STI | -0.53 | 20.15 |
| Taiwan | +0.47 | -2.65 | .TWII | 3.37 | 54.75 |
| Thailand | +0.09 | -5.27 | .SETI | 0.11 | 28.52 |
The Singapore bourse bucked the regional trend, falling as much as 0.8% to its lowest level in more than a week. The FTSE Straits Times index was on track for a fifth consecutive session of declines, moving further away from its record high of 5,713.19 reached on July 29.
In currency markets, the South Korean won, Taiwan dollar and Philippine peso, all sensitive to energy prices, strengthened modestly. The Indonesian rupiah moved back below the closely watched 18,000-per-dollar level and was last trading at 17,935 per U.S. dollar.
The Malaysian ringgit and Singapore dollar were the only major emerging Asian currencies to remain little changed on the day.
The rupee pared gains after the Reserve Bank of India kept its policy repo rate unchanged, as expected, as it awaits data to judge whether higher oil prices are stoking domestic inflationary pressures. The currency was last seen at 95.03 a dollar.
"Overall, markets are trying their best to look through any potential re-ignition in the conflict towards the final destination – and perhaps rightly so," Michael Wan, MUFG senior currency analyst, said in a note.
Crude prices have been far more benign than headline supply disruptions indicate, with some of the resilience in the system helped by a much sharper-than-expected drop in oil imports from China, Wan added.
South Korea's KOSPI surged as much as 5%, lifted by gains in chipmakers Samsung Electronics and SK Hynix after an overnight rally in U.S. AI-linked stocks. Taiwan's tech-heavy benchmark followed suit, jumping 3.4%.
Equities in Kuala Lumpur advanced as much as 1% to their highest point since mid-May and were on track for a sixth session of gains.
Bangkok shares climbed as much as 0.8% before trimming some gains. Thailand's headline inflation rose less than expected in July, weighed by lower oil prices.
Most emerging Asian equities climbed to multi-week highs and regional currencies strengthened on Wednesday as hopes of easing U.S.-Iran tensions boosted risk appetite and kept oil prices below $80 a barrel.
The MSCI emerging markets Asia equities index rose about 3% to a two-week high, while the EM currencies gauge gained 0.4% to an all-time high.
Crude futures steadied after a two-day slide, supported by hopes for a Middle East ceasefire and progress in discussions to reopen the Strait of Hormuz, a key global shipping route.
