* South Korean won, Malaysian ringgit leads gains * Mixed China data caps sentiment * Japan's yen falls after c.bank jolt on Friday By Archishma Iyer July 31 (Reuters) - Most emerging Asian shares were set to end the month on a positive note, as sentiment received a boost from easing inflation in the U.S., while regional currencies were mixed with the won and the ringgit among gainers. The South Korean won and the Malaysian ringgit traded 0.2% and 0.5% higher, while the Philippines peso also strengthened 0.2%. Data on Friday showed that annual U.S. inflation rose at its slowest pace in more than two years in June, boosting the likelihood that the U.S. Fed could have reached the peak of its aggressive rate hike cycle. The dollar index, which measures the strength of the greenback against six major currencies was at 101.84 at 0500 GMT. "If carry trades are being unwound, and if we are right that the dollar is likely to weaken (in the near-term), I think that's okay for high-yielding currencies such as the Indian rupee and the Indonesian rupiah," said Michael Wan, a senior currency analyst from MUFG. Mixed data from Asia's largest economy suggested that Beijing could announce a larger stimulus package to prop up its troubled economy, which capped some risk confidence. The Singapore dollar, Thai baht and the Indonesian rupiah traded between flat and down 0.6%. On a separate note, Japan's yen lost around 0.5%, while its share market gained about 0.9%. Last Friday, the country's central bank made a decision to adjust its yield curve policy for longer-dated bonds, even as it maintained an ultra-accommodative stance, which led to wild fluctuation in the currency. Analysts from Maybank said that they did not rule out volatility in the dollar/yen pair in the near-term as markets still feel uncertain about the BoJ since the central bank governor has not signalled this move as tightening. Among Asian shares, equities in Bangkok, Jakarta , Manila and Seoul gained between 0.2% and 0.8%. HIGHLIGHTS: ** Indonesia' benchmark 10-year bond yield rises to 6.293% ** Philippines need not match Fed's 25 bps hike - finance minister ** INDIA STOCKS-Indian shares open lower dragged by financials Asia stock indexes and currencies at 0500 GMT COUNTRY FX RIC FX FX YTD % INDEX STOCKS STOCKS DAILY % DAILY YTD % % Japan -0.49 -7.57 0.88 26.68 ChinaIndia -0.05 +0.53 0.11 8.63 Indonesia +0.01 +3.16 0.18 0.90 Malaysia +0.55 -2.83 0.28 -2.75 Philippines +0.10 +1.49 0.46 1.36 S.Korea Singapore -0.05 +0.62 -0.16 3.52 Taiwan -0.16 -2.33 -0.94 21.17 Thailand -0.55 +0.96 0.80 -6.77 (Reporting by Archishma Iyer in Bengaluru)
Delayed 16:59:59 2024-05-31 EDT | 5-day change | 1st Jan Change | ||
1.084 USD | +0.13% | +0.31% | -1.72% |
11:19pm | Utilities Shares Rise On Inflation Data -- Utilities Roundup | DJ |
10:45pm | Equities Mostly Rise as Fed's Preferred Inflation Measure Meets Street Views | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,772 PTS | +1.70% | +0.64% | - | ||
1,382 KRW | +0.62% | +1.18% | - | ||
1,014 KRW | +1.02% | +1.96% | - | ||
919.2 KRW | +0.94% | +1.92% | - | ||
736.3 USD | -1.26% | -4.00% | - | ||
200.5 JPY | +0.32% | +0.62% | - | ||
170.7 JPY | +0.36% | +0.55% | - | ||
157.3 JPY | +0.19% | +0.20% | - | ||
115.4 JPY | +0.61% | +0.97% | - | ||
104.7 JPY | +0.57% | +1.01% | - | ||
96.65 JPY | +0.69% | +1.00% | - | ||
90.51 INR | +0.27% | +0.50% | - | ||
83.41 INR | +0.14% | +0.18% | - | ||
61.2 INR | +0.53% | +0.94% | - | ||
55.49 INR | +0.45% | +0.89% | - | ||
16.56 KRW | +0.48% | +1.00% | - | ||
7.241 CNY | +0.13% | 0.00% | - | ||
1.886 JPY | +0.17% | +0.02% | - | ||
1.72 SGD | +0.10% | +0.29% | - | ||
1.465 SGD | +0.19% | +0.25% | - | ||
1.351 SGD | +0.05% | -0.06% | - | ||
1.274 USD | +0.10% | +0.38% | - | ||
1.084 USD | +0.13% | +0.31% | - | ||
0.7333 USD | +0.36% | +0.71% | - | ||
0.6652 USD | +0.34% | +0.79% | - | ||
0.6142 USD | +0.44% | +0.75% | - | ||
0.0162 SGD | -0.04% | 0.00% | - | ||
0.012 USD | -0.14% | 0.00% | - | ||
- PTS | -.--% | +1.02% | - | ||
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