Singapore, S.Korea stocks at the helm of decline in Asian equities
Thai baht retreats 0.3%
Singapore stocks hit lowest since mid-September
Shanghai and Seoul equities fall nearly 1%
Updates as at 0749 GMT
By Himanshi Akhand and Adwitiya Srivastava
Oct 30 (Reuters) -Stocks in Singapore and South Korea led declines among Asian equities on Wednesday, with investors cautious ahead of the hotly contested U.S. election next week, while currencies also trended lower with the dollar at a three-month peak.
The broader MSCI index of international emerging markets equities .MSCIEF retreated 0.7% and MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.8%.
Singapore equities .STI declined 0.9% to hit their lowest level since mid-September. Seoul shares .KS11 fell 0.9% too.
Saktiandi Supaat, head of Asia forex research at Maybank, said investors were weighing the potential outcome of the U.S. election and the Federal Reserve's policy trajectory next week, as well as the outlook for global growth, including an expected China fiscal stimulus package.
Chinese stocks .SSEC dipped 0.6% as traders awaited a top leadership meeting in Beijing next week that could reveal details of the package.
Reuters reported on Tuesday that China is considering approving next week the issuance of more than 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy.
Among currencies, the Malaysian ringgit MYR= fell 0.3% and was on track to log its worst month since November 2016.
The Philippine peso PHP= inched 0.1% higher and was headed for its worst monthly performance in two years.
The pressure on regional currencies this month reflects the strong performance of the dollar, which is headed for its best monthly performance in about two-and-a-half years as investors pare back their expectations of a large rate cut by the Fed. FRX/
U.S. indicators overnight were mixed -- showing a loosening U.S. jobs market but a confident consumer -- and provided little clarity on the outlook for the Fed's easing path.
Investors have been putting on trades betting that Republican candidate Donald Trump could be U.S. president again, although he is still neck-and-neck with Vice President Kamala Harris in several polls.
"A Trump win can risk weighing on regional economies and hurt appetite for regional EM FX given the tariffs that he has proposed to implement," analysts at Maybank said in a note.
The Thai baht THB=TH fell 0.3% and was on track to record its worst monthly decline since September 2023.
HIGHLIGHTS:
** Thai policy rate adequate to handle risks, c.bank minutes from rate-cut meeting show
** EU slaps tariffs on Chinese EVs, risking Beijing backlash
** Malaysian court rules ex-PM Najib needs to enter defence in 1MDB-linked case
Asian stocks and currencies as at 0749 GMT | ||||||
COUNTRY | FX RIC | FX DAILY % | FX YTD % | INDEX | STOCKS DAILY % | STOCKS YTD % |
Japan | JPY= | +0.01 | -8.00 | .N225 | 0.96 | 17.99 |
China | CNY=CFXS | +0.01 | -0.42 | .SSEC | -0.61 | 9.79 |
India | INR=IN | -0.01 | -1.04 | .NSEI | -0.03 | 12.56 |
Indonesia | IDR= | +0.41 | -1.88 | .JKSE | -0.61 | 3.95 |
Malaysia | MYR= | -0.30 | +4.70 | .KLSE | -0.32 | 10.67 |
Philippines | PHP= | +0.05 | -4.86 | .PSI | 0.56 | 12.87 |
S.Korea | KRW=KFTC | +0.16 | -6.67 | .KS11 | -0.92 | -2.32 |
Singapore | SGD= | -0.05 | -0.39 | .STI | -0.92 | 9.79 |
Taiwan | TWD=TP | +0.22 | -4.05 | .TWII | -0.46 | 27.27 |
Thailand | THB=TH | -0.30 | +1.26 | .SETI | 0.02 | 2.52 |
Reporting by Himanshi Akhand and Adwitiya Srivastava in Bengaluru; Editing by Nicholas Yong and Savio D'Souza
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
