* South Korean won falls for third consecutive day * Investors digest mixed Chinese trade data * Thai baht, stocks down after CPI print By Archishma Iyer Dec 7 (Reuters) - Most emerging Asian currencies and stocks declined on Thursday, as investors stayed cautious ahead of a key U.S. jobs report that could give clarity on the Federal Reserve's interest rate trajectory. South Korea's won led the decline among currencies, falling as much as 0.9% to 1,324.70 per dollar. The unit was set to fall for a third consecutive session. The Indonesian rupiah slipped as much as 0.3%. "The USD/KRW pair is trading towards 1,320, with KRW strength dampened by a softer RMB (renminbi) and a marked softening in Korea's inflation," analysts at DBS said in a note. "Core inflation is not falling that quickly, easing slightly for November, which could underpin Bank Of Korea’s decision to hold rates for a longer period, supporting the KRW," they added. Data on Wednesday showed U.S. private payrolls increased less than expected in November, in yet another sign that the labour market is gradually cooling. Market participants will now focus on the non-farm payrolls report on Friday, which is likely to give a clearer view of the Fed's future actions. "Thus far, however, even as labour market metrics turned out to be softer than anticipated, USD continues to rise," Maybank analysts wrote. The dollar index, which measures the strength of the greenback against six major rivals, was at 104.18 at 0355 GMT. Investors also digested mixed economic data from China, Asia's largest economy, which showed an uptick in exports while imports fell sharply, suggesting that domestic demand was still subdued. Chinese stocks fell 0.3%, while the yuan traded flat. Other currencies such as the Singapore dollar fell for the fourth straight session, while the Malaysian ringgit and Taiwan dollar traded 0.2% lower. Thailand's baht and stocks were down 0.2% and 1%, respectively, after Southeast Asia's second-largest economy reported its November inflation print at its lowest in nearly three years. Among Asian equities, stocks in Singapore fell as much as 1.1% to a near five-week low, while equities in Taiwan , Philippines and Malaysia slipped between 0.2% and 0.6%. HIGHLIGHTS: ** Indonesia's benchmark 10-year bond yield falls to 6.580% ** Myanmar's central bank to no longer set forex rates ** Malaysia launches plan to boost biomass co-firing, investments by 2030 Asia stock indexes and currencies at 0355 GMT COUNTRY FX RIC FX FX YTD INDEX STOCKS STOCKS DAILY % DAILY YTD % % % Japan +0.32 -10.71 -1.73 25.94 China -0.04 -3.64 -0.29 -4.17 India -0.04 -0.76 -0.03 15.61 Indonesia -0.24 +0.24 -0.53 2.90 Malaysia -0.19 -5.88 -0.21 -3.52 Philippines -0.05 +0.61 -0.62 -4.57 S.Korea -0.82 -4.49 -0.17 11.39 Singapore -0.04 -0.19 -0.98 -5.98 Taiwan -0.14 -2.67 -0.30 22.43 Thailand -0.23 -2.00 -1.00 -17.56 (Reporting by Archishma Iyer in Bengaluru; editing by Eileen Soreng)
MSCI TAIWAN (STRD)
Index
End-of-day quote MSCI 10:00:00 2024-05-23 am EDT | 5-day change | 1st Jan Change | ||
767 USD | +0.92% | +3.12% | +20.07% |
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Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,755 PTS | +0.64% | +0.87% | - | ||
1,365 KRW | +0.12% | +1.00% | - | ||
767 USD | +0.92% | +3.12% | - | ||
9.208 CNY | +0.02% | +0.61% | - | ||
7.838 CNY | +0.05% | -0.20% | - | ||
7.256 CNH | +0.06% | +0.56% | - | ||
7.242 CNY | +0.02% | +0.32% | - | ||
5.287 CNY | -0.04% | -0.37% | - | ||
4.799 CNY | +0.09% | -0.70% | - | ||
1.718 SGD | +0.05% | +0.78% | - | ||
1.462 SGD | +0.07% | -0.04% | - | ||
1.351 SGD | +0.05% | +0.55% | - | ||
1.271 USD | -0.06% | +0.23% | - | ||
1.082 USD | -0.04% | -0.58% | - | ||
0.7301 USD | -0.04% | -0.71% | - | ||
0.6621 USD | +0.04% | -1.07% | - | ||
0.6115 USD | +0.26% | -0.24% | - | ||
0.087 CNY | +0.04% | +0.46% | - | ||
0.0415 USD | -1.45% | +4.20% | - | ||
0.0162 SGD | +0.05% | +0.62% | - | ||
0.012 USD | +0.02% | 0.00% | - | ||
- PTS | -.--% | +1.02% | - | ||
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