archiveAsian currencies

(Bloomberg) -- A recent surge in Asian currencies is shifting the outlook for the region’s equities, with money managers and strategists favoring stocks tied to local consumption and expecting a return of global funds. Most Read from Bloomberg Morgan Stanley strategists said they like markets including India and the Philippines, where stocks tend to be more geared toward domestic demand. They favor sectors such as real estate and financials. Aberdeen Investments prefers defensive plays like consumer and healthcare stocks, while Societe Generale SA sees India as a major beneficiary from...

Global stocks remained in a narrow band on Tuesday, with the dollar regaining some lost ground against Asian currencies. Investor concerns have resurfaced over U.S. tariffs' implications on economic growth, coupled with oil producers' commitments to boost supply, keeping crude prices near historic lows. The erratic trade policies of President Donald Trump have sparked major waves of dollar selling since April. This trend has lifted the euro, yen, and Swiss franc, with the Taiwan dollar reaching record levels, prompting speculation over potential regional foreign exchange revaluation to secure U.S....

BENGALURU: The Taiwan dollar was poised for its biggest single-day gain since the 1980s on Monday, as the convergence of strong economic data and cooling global trade tensions ushered investors into the island’s currency. Taiwan’s currency appreciated as high as 29.59 per US dollar, its highest level in nearly three years. It was last trading at 30.04. Typically a quiet player in emerging Asian currency markets, the Taiwan dollar’s historic rally underscores a broader re-rating of the region’s economic prospects, with its role in the global semiconductor and AI supply...

(Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains. Most Read from Bloomberg Taiwan’s dollar surged the most since 1988, sending the nation’s benchmark stock index to its steepest slide in nearly a month. The offshore yuan climbed to its highest level in almost six months as exporters repatriated dollar earnings. The Hong Kong dollar held at the strong end of its allowed trading band for...

BENGALURU: Emerging Asian equity markets opened the week higher on Monday, led by Taiwan tracking Wall Street gains, while Indonesian shares rose on strength in banking stocks. Most stock markets in the region were upbeat as an easing of trade tensions between the United States and China helped stir an appetite for risk among investors. Shares in Malaysia, Thailand and India added 0.7%, 0.1% and 1.3% respectively. “After a period of correction, ASEAN equities are showing upward momentum, having broken out of a technical downtrend that began from the 2017...

BENGALURU: Emerging Asia shares rallied on Friday, led by indexes in Manila and Taipei, on a potential de-escalation in trade tensions between the world’s two largest economies, while currencies in the region struggled for direction. Equities in Taiwan jumped more than 2%, tracking a tech-led rally on Wall Street after strong earnings reports from Google-parent Alphabet and AI major ServiceNow . Taiwan hosts some of the world’s largest chip manufacturers, such as TSMC, which gained 2.8%, boosting the broader index. Stocks in Kuala Lumpur, Bangkok and South Korea rose 0.1%,...

April 24 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0202 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 142.750 143.44 +0.48 Sing dlr 1.314 1.3152 +0.09 Taiwan dlr 32.534 32.492 -0.13 Korean won 1430.100 1427.2 -0.20 Baht 33.485 33.52 +0.10 Peso 56.495 56.547 +0.09 Rupiah 16865.000 16860 -0.03 Rupee 85.420 85.42 +0.00 Ringgit 4.390 4.388 -0.05 Yuan 7.297 7.2885 -0.12 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 142.750...

MUMBAI: The Indian rupee logged its steepest fall in two weeks, pressured by a recovery in the US dollar index and as traders unwound long positions on the local unit after it failed to climb above a key level. The rupee ended 0.3% down at 85.42, against 85.1875 at previous close. The Indian currency struggled to rise above 85 per dollar this week, which led “rupee bulls” to close their long-term positions on the rupee, two traders said. Some traders also cited the attack in India’s Jammu & Kashmir territory...

By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee rose on Thursday to log its best weekly performance in a month as foreign portfolio inflows into Indian equities picked up and as the dollar remained on the defensive amid concerns about how tariffs would affect the world's largest economy. The rupee closed at 85.3675 against the U.S. dollar, up from its close at 85.6775 in the previous session. The currency rose about 0.8% week-on-week, its best weekly gain since March 17. Indian financial markets are shut on Friday for the...

BENGALURU: Asian emerging market equities climbed for a fourth consecutive session on Tuesday as risk sentiment improved after US President Donald Trump hinted he might grant exemptions on auto-related tariffs. Currencies hovered around multi-week highs against the dollar, which held near a two-year low versus a basket of major peers. Meanwhile, an MSCI index tracking emerging market currencies hovered at a seven-session high. Investors took delight in signs of temporary tariff exemptions for certain sectors and hopes that punitive levies could be negotiated down after the last two weeks’ unprecedented...