Asia FX gain as U.S. yields ease; Indonesia, Malaysia c.banks hold rates



* Indonesia, Malaysia c.bank leave rates unchanged

* China cuts key mortgage rate

* Singapore's first SPAC debuts

BENGALURU, Jan 20 (Reuters) - Asia's emerging market currencies edged higher on Thursday, as easing U.S. Treasury yields nipped dollar gains, while central banks in Indonesia and Malaysia left their policy rates unchanged ahead of the key Federal Reserve meeting next week.

As inflation concerns herald a global shift toward tighter monetary policy, mainly in developed economies, central banks in Asia appear to be moving at a slower pace to ensure their economies are stable and recovery is not hampered.

China cut its mortgage reference rate for the first time in nearly two years, as economic data this week showed further weakening in consumption and the troubled property sector.

As expected, central banks in Indonesia and Malaysia left their policy rates unchanged. Reuters polls conducted ahead of the meetings showed economists expected both Bank Negara Malaysia and Bank Indonesia to wait until the second half to start raising rates.

The rupiah IDR= and ringgit MYR= gained 0.1% each, and remained unchanged after their respective central banks' decisions. Stocks in Jakarta .JKSE gained 0.4%, while Kuala Lumpur .KLSE was flat.

With some of the highest-yielding debt in emerging markets, Bank Indonesia may come under pressure to kick off its own tightening cycle to avert currency weakness and potential large capital outflows if the Fed starts to signal a faster pace of rate hikes.

This week, U.S. Treasury yields jumped and investors raised bets that the Fed will have to act more aggressively to tighten monetary policy to stem out-of-control inflation.

Shares in Seoul .KS11 snapped a five-day run of losses, rising 0.7%.

Public subscriptions for the mega-$10.8 billion LG Energy Solutions' initial public offering (IPO) ended on Wednesday, with investors bidding for a record 114 trillion won ($95.82 billion) worth of shares, reducing volatility in the market.

In Singapore, stocks .STI continued to hover around 2019 highs, with the city-state's first special purpose acquisition company (SPAC) making its market debut.

Vertex Venture Holdings, the SPAC and Temasek subsidiary, opened higher than its offer price.

HIGHLIGHTS:

** Indonesian 10-year benchmark yields up 1.3 basis points at 6.427%

** Malaysia's 10-year benchmark yield up 0.70 basis points at 3.74%

** Singapore makes bold foray into SPAC market, Temasek-backed firm lists on Thursday

Asia stock indexes and currencies at 0724 GMT COUNTRY

FX RIC

FX

FX

INDEX

STOCKS STOCKS

DAILY YTD %

DAILY YTD %

%

%

Japan

JPY=

-0.11 +0.55 .N225 1.11

-3.54 China

CNY=CFXS

+0.21 +0.21 .SSEC -0.09 -2.33 India

INR=IN

-0.01 -0.14 .NSEI -0.60 2.75 Indonesia

IDR=

+0.07 -0.70 .JKSE 0.35

0.51 Malaysia

MYR=

+0.12 -0.53 .KLSE 0.03

-0.43 Philippines PHP=

+0.00 -0.93 .PSI

-0.31 1.64 S.Korea

KRW=KFTC

-0.06 -0.32 .KS11 0.72

-3.86 Singapore

SGD=

+0.07 +0.18 .STI

0.27

5.41 Taiwan

TWD=TP

+0.11 +0.20 .TWII -0.05 0.00 Thailand

THB=TH

+0.15 +1.30 .SETI 0.20

0.24 ($1 = 1,189.7500 won)
Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Kim Coghill and Rashmi Aich

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Gumagamit kami ng cookies para mabigyan ka ng mahusay na karanasan sa aming website. Magbasa pa o palitan ang iyong cookie settings.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.