Asian markets broadly down; S.Korean won, Thai baht lead currencies lower
* Thai c.bank to hold rate at record low - poll
* Philippine, Taiwan stocks down over 1%
* Malaysia's August exports rise 18.4%, above forecast
By Arundhati Dutta
Sept 28 (Reuters) - Asian emerging market currencies and stocks were broadly lower on Tuesday amid concerns about China's economic outlook, with the South Korean won and the Thai baht leading losses as a rally in oil prices weighed on the region's net importing nations.
The Thai baht THB=TH weakened 0.3% ahead of the country's central bank meeting on Wednesday where it is widely expected to leave its key interest rate at a record low, while the South Koran won KRW=KFTC fell up to 0.5%.
"A mix of higher energy prices and rising UST yields may not bode well for AXJs (Asian ex-Japan currencies), especially those net energy importers," analysts at Maybank wrote in a note.
Oil prices extended their rally into a sixth session amid continued concerns over tight supply, while U.S. Treasury yields have been underpinned by the prospect of U.S tapering.
The baht is the region's worst performing currency this year, having weakened more than 10% against the dollar.
Thailand's tourism-reliant economy has been hammered by a spike in COVID-19 cases and a delayed reopening to visitors, prompting the World Bank to cut its 2021 economic growth outlook to 1% from the 2.2% projected in July.
However, Thai stocks .SETI edged higher as a rally in oil prices on supply concerns led to a jump in heavyweight energy stocks such as PTT Exploration and Production PTTEP.BK , offsetting a fall in banks.
Riskier emerging Asian stocks traded mostly in the red amid investor concerns about the future of cash-strapped real estate giant China Evergrande 3333.HK after it missed a bond interest payment last week, and worries power shortages in China could hurt its 2021 growth outlook.
With liabilities of $305 billion, Evergrande has sparked concerns its debt problems could spread through China's financial system and reverberate around the world - a worry that has eased as damage has so far been concentrated in the property sector.
China's central bank vowed on Monday to protect consumers exposed to the housing market and injected more cash into the banking system.
"Despite worries about a potential meltdown in China's property sector ostensibly being assuaged, the calm does not appear durable," Mizuho Bank analysts said in a note.
Philippine stocks .PSI fell over 1% and hit their lowest level in a week, while Taiwan equities .TWII dropped 1%.
On the upside, Malaysian stocks .KLSE gained 0.3%, as exports in August rose 18.4% from a year earlier, by more than expected.
**Indonesian 10-year benchmark yields are up 4.6 basis points at 6.29%
**Singapore's 10-year benchmark yield is up 1.2 basis points at 1.521%
**Malaysia's 10-year benchmark yield is unchanged at 3.443%
Asia stock indexes and currencies
at 0419 GMT
COUNTRY FX RIC
FX INDEX STOCKS STOCKS
DAILY % YTD %
DAILY % YTD % Japan
-0.17 -7.15 <.N225 -0.38
+0.02 +1.12 <.SSEC
+0.00 -1.05 <.NSEI
-0.07 -1.54 <.JKSE
+0.16 -3.83 <.KLSE
+0.27 -5.74 .PSI
-1.05 -3.59 nes
-0.43 -8.10 <.KS11
-0.03 -2.42 .STI
-0.03 +2.71 <.TWII
-0.30 -10.9 <.SETI
Reporting by Arundhati Dutta in Bengaluru; Editing by Ana Nicolaci da Costa
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。