Asian FX mixed on choppy dollar, stocks rise on improved sentiment
Risk confidence across Asian assets receive boost
Philippines peso, stocks drop on higher inflation pressures
Singapore retail sales data awaited
By Archishma Iyer
Oct 5 (Reuters) - Most emerging Asian currencies were mixed against a choppy greenback on Wednesday, with the South Korean won and Taiwan dollar eking out gains.
Regional stock markets, meanwhile, were buoyed by weak economic data from the United States, which spurred investor bets that central banks may start to slow the price of future interest rate hikes.
The dollar index USD= , which measures the strength of the greenback against a basket of currencies was 110.36 at 0416 GMT. However, the U.S. currency had fallen for five consecutive sessions and is currently hovering below a 20-year peak.
A softer dollar is usually beneficial for risk-sensitive Asian assets.
Moreover, a government survey showed overnight that the U.S. job openings fell to a two-and-a-half-year low, suggesting that aggressive rate hikes have begun to bite into the economy, and the Federal Reserve could tone down its stance on policy tightening, thereby boosting confidence of risky assets.
Investors are now awaiting non-farm payrolls data due on Friday and key inflation data next week for any clues on the Fed's future tightening stance. Markets are pricing in another 75 basis point hike at its next meeting on Nov.2. .
"A sharp fall in job openings yesterday could be viewed as a signal that the labour market is indeed cooling, which would suggest the Fed is winning its battle against inflation," ING analysts wrote.
Back in Asia, the South Korean won KRW=KTFC was among the lead gainers for the day rising about 0.3%, as the Asian trade bellwether reported a smaller than expected inflation print of 5.6%, even as its central bank said that annual inflation is expected to stay high.
"Considering ongoing won weakness and notwithstanding this week's rally, these inflation data sets should push the Bank of Korea to hike 50bp at the October 12 meeting," Stephen Innes from SPI Asset Management said.
Other currencies like the Taiwan dollar TWD=TP Indonesian rupiah IDR= and the Malaysian ringgit MYR= traded higher between 0.1% and 0.4% .
The Philippines peso PHP= however, dropped 0.2%, as inflation accelerated to 6.9%, its fastest pace in four years, pointing at more rate hikes, with the central bank chief saying that it will be ready to take further action to rein in price pressures. Their stocks .PSI also lost about 0.4%
The Thai baht THB=TH lost ground as well, tracking higher Brent crude prices, even as the tourism-reliant economy reported an easing in consumer inflation for September, which could give cues on how the Bank of Thailand will go about its policy tightening path.
Meanwhile, stock indexes across Indonesia .JKSE , Malaysia .KLSE and South Korea .KS11 firmed between 0.3% and 1%.
Singapore stocks .STI gained about 0.4%, ahead of retail sales data due later in the day.
Markets in China were closed for the week on account of 'National Day', while India was on a public holiday.
** Indonesia's benchmark 10-year yield falls to 7.205%
** PREVIEW-Malaysia's end-Sept palm oil stocks seen hitting near three-year peak
** India local govt bonds not added to key index, stay on watch - JPMorgan Asia stock indexes and currencies
at 0357 GMT
COUNTRY FX RIC
INDEX STOCKS STOCKS
DAILY % YTD %
DAILY YTD %
+0.03 -20.1 .N225
-0.00 -10.7 .SSEC
+0.00 -8.82 .NSEI
2.29 -0.46 Indonesi IDR=
+0.30 -6.25 .JKSE
+0.15 -10.1 .KLSE
-0.15 -13.1 .PSI
-0.45 -16.32 nes
+0.32 -16.4 .KS11
-0.06 -5.25 .STI
+0.43 -12.4 .TWII
-0.15 -10.8 .SETI
Graphic: World FX rates Link
Asian stock markets Link
Reporting by Archishma Iyer in Bengaluru; Editing by Kim
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.