* Philippine peso down 0.4%, equities down 0.7% * S.Korean won declines 0.6% * Taiwan shares at an over one-month high * U.S. inflation data in focus * India inflation likely eased in October -Reuters poll By John Biju Nov 13 (Reuters) - Most emerging Asian market currencies and stock benchmarks got off to soft start on Monday with the Philippines' peso and shares among those making declines ahead of a monetary policy decision later in the week. The peso retreated 0.4% to 56.090 per dollar, while equities in Manila fell 0.7%. Last Thursday, data showed the Philippine economy rebounded strongly in the third quarter but the central bank said policy is expected to remain "tighter for longer" as inflation is still a major challenge. That said, most analysts expect no change to interest rates from the Bangko Sentral ng Pilipinas on Thursday. HSBC analysts said in a note that it was, however, likely to maintain its "hawkish rhetoric given upside risks to inflation". Other currencies also lost ground ahead of U.S. inflation data on Tuesday. "We expect a stronger (U.S.) core inflation read tomorrow ... which may reignite a sell-off in U.S. Treasuries and give a boost to the USD," Alex Loo, macro strategist at TD Securities said. "We expect Asian currencies to trade on the backfoot on renewed USD strength." The South Korean won and the Thai baht each declined 0.6%. The Indonesian rupiah and the Chinese yuan slipped 0.2%. The U.S. dollar index was steady at 105.810 as of 0440 GMT, while the 10-year benchmark yield ticked higher to 4.6598%. Among regional equities markets, shares in Thailand fell 0.7% while shares in South Korea and China edged 0.2% lower. Taiwan shares advanced 1.0% to hit their highest level since Sept. 18. Shares in Indonesia climbed 0.4%. Markets participants are also awaiting consumer price data from India later in the day for clues to the interest rate outlook in Asia's third biggest economy. The pace of India's consumer price inflation likely eased further to a four-month low of 4.80% in October, according to a Reuters poll. HIGHLIGHTS: ** Thailand's 10-year benchmark yields rise 7 basis points to 3.14% ** Thai PM sticks by signature stimulus plan amid calls for scale-down ** Japan's wholesale inflation slows sharply in sign of waning cost pressures Asia stock indexes and currencies at 0333 GMT COUNTRY FX RIC FX FX INDEX STOCKS STOCKS DAILY YTD % DAILY % YTD % % Japan -0.13 -13.5 -0.02 24.78 7 China -0.16 -5.43 -0.24 -1.87 India +0.04 -0.71 0.00 7.84 Indonesia -0.13 -0.92 0.44 -0.16 Philippines -0.42 -0.71 -0.66 -6.78 S.Korea -0.61 -4.81 -0.21 7.52 Singapore -0.05 -1.54 - -4.45 Taiwan -0.05 -5.13 0.96 19.13 Thailand -0.6 -4.14 -0.7 -17.19 (Reporting by John Biju in Bengaluru; Editing by Edwina Gibbs)
MSCI TAIWAN (STRD)
Index
End-of-day quote MSCI 10:00:00 2024-04-26 am EDT | 5-day change | 1st Jan Change | ||
690.6 USD | +1.81% | +3.39% | +8.11% |
06:55am | Taiwan's economy seen expanding 5.6% in first quarter on strong exports | RE |
Apr. 28 | Week Ahead for FX, Bonds : Focus on Fed Decision, U.S. Jobs Data and Weak Japanese Yen | DJ |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,686 PTS | +0.86% | +2.29% | - | ||
1,375 KRW | -0.13% | +0.04% | - | ||
1,012 KRW | +0.49% | +1.26% | - | ||
905.2 KRW | +0.64% | +2.61% | - | ||
690.6 USD | +1.81% | +3.39% | - | ||
16.56 KRW | +0.29% | +0.27% | - | ||
7.258 CNH | -0.10% | +0.12% | - | ||
1.254 USD | +0.28% | +1.35% | - | ||
1.073 USD | +0.21% | +0.68% | - | ||
0.7334 USD | +0.17% | +0.77% | - | ||
0.6584 USD | +0.64% | +2.46% | - | ||
0.598 USD | +0.55% | +1.34% | - | ||
0.012 USD | -0.02% | 0.00% | - | ||
- PTS | -.--% | +1.02% | - | ||
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