* Singapore dollar tanks to 10-month low * Brent crude price rise to near nine-month high * Dollar index near 6-month high By Archishma Iyer Sept 6 (Reuters) - The Malaysian ringgit and Indonesian rupiah eased slightly on Wednesday, but still led declines among emerging Asia currencies as investors shied away from riskier assets due to concerns about global economic growth and higher oil prices. The ringgit slipped about 0.2% to its lowest level since end of June, while the Indonesian rupiah lost about 0.3%. The Singapore dollar fell as much as 0.2% to trade at 1.364 per dollar, its weakest in 10 months, before paring some losses to be nearly flat. Weak services activity data out of China on Tuesday, and the dim manufacturing numbers from Britain and Europe and Britain cast some gloom over the outlook globally, prompting investors to reduce exposure to risk-sensitive assets. Further denting investor sentiment, Brent crude prices rose overnight after Saudi Arabia and Russia extended their supply cuts for longer than expected. "The second engine room of the globe – China - is still awaiting a major lifeline," Jessica Amir, a markets strategist with trading platform Moomoo said, "Plus, as we expected, inflationary concerns, in the way of a higher oil price, are causing investors to question why they rushed into equities so hard and fast this year." Investors will also look out for speeches from Fed officials before the next policy meeting on Sept. 19-20, after Fed Governor Christopher Waller signalled that latest economic data gave more space to consider further hikes in U.S. rates. Markets expect the Fed to hold rates steady when it meets later this month, but have been split over the outlook moving forward. The dollar index, which measures the strength of the greenback against six major currencies, was near 104.7, at 0407 GMT. Other Asian currencies like the South Korean won, Taiwan dollar and the Philippines peso lost in the range of 0.1% and 0.2%. Among Asian equities, stocks in Singapore, Philippines, and Taiwan slipped between 0.1% and 0.2%, while those in Indonesia and Malaysia edged 0.2% and 0.4% higher. HIGHLIGHTS: ** Indonesia's benchmark 10-year bond yield rises to 6.511% ** Singapore's DBS raises $1.5 bln in two US dlr bond tranches -term sheet ** POLL-China's exports, imports likely contracted more slowly in August Asia stock indexes and currencies at 0407 GMT COUNTRY FX RIC FX DAILY FX YTD % INDEX STOCKS STOCKS % DAILY YTD % % Japan +0.12 -11.13 0.65 27.43 ChinaIndia -0.04 -0.42 -0.03 8.09 Indonesia -0.28 +1.71 0.19 2.26 Malaysia -0.21 -5.78 0.39 -2.34 Philippin -0.04 -2.23 -0.17 -5.36 es S.Korea Singapore -0.01 -1.59 -0.15 -0.91 Taiwan -0.18 -3.89 -0.13 18.62 Thailand -0.08 -2.48 0.19 -7.06 (Reporting by Archishma Iyer in Bengaluru; Editing by Simon Cameron-Moore)
Delayed 22:56:11 2024-05-28 EDT | 5-day change | 1st Jan Change | ||
1.085 USD | -0.04% | -0.07% | -1.71% |
05:07am | BOJ's Adachi Says Further Policy Changes Need to Proceed Carefully -- Update | DJ |
04:49am | INDIA RUPEE-Rupee to dip on jump in US bond yields; inflows may cap losses | RE |
Stocks mentioned in the article
Price
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Change
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5d. change
|
Capi.
| ||
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2,761 PTS | -0.27% | +0.05% | - | ||
1,365 KRW | +0.31% | +0.16% | - | ||
999.3 KRW | +0.21% | +0.00% | - | ||
907.4 KRW | +0.28% | -0.13% | - | ||
773.5 USD | -0.02% | +3.66% | - | ||
716 PTS | +0.23% | +1.73% | - | ||
88.59 RUB | +0.02% | -2.10% | - | ||
84.11 USD | -0.18% | +1.95% | - | ||
79.96 USD | -0.15% | +2.14% | - | ||
16.4 KRW | +0.17% | +0.22% | - | ||
7.248 CNY | +0.05% | +0.14% | - | ||
1.721 SGD | +0.01% | +0.50% | - | ||
1.464 SGD | +0.03% | +0.10% | - | ||
1.35 SGD | +0.07% | +0.17% | - | ||
1.275 USD | -0.06% | +0.32% | - | ||
1.085 USD | -0.04% | -0.07% | - | ||
0.7319 USD | -0.10% | -0.15% | - | ||
0.6648 USD | +0.00% | -0.27% | - | ||
0.613 USD | -0.15% | +0.64% | - | ||
0.0162 SGD | -0.04% | 0.00% | - | ||
0.012 USD | -0.06% | 0.00% | - | ||
- PTS | -.--% | +1.02% | - | ||
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- Asian currencies ease slightly, led by ringgit and rupiah, stocks mixed