Singapore shares tumble as virus cases near 1-year high
* Thai baht set for worst day since June 17
* U.S. inflation data, China retail sales eyed
By Indranil Sarkar
Sept 13 (Reuters) - Singapore stocks fell nearly 1% on Monday after daily COVID-19 cases neared a one-year high, while Thailand's baht led losses among regional currencies as markets awaited U.S. inflation data to weigh chances of policy tapering by the Federal Reserve.
Equities across Malaysia .KLSE , India .NSEI and South Korea .KS11 also dropped between 0.4% and 0.6%.
Singapore's health ministry reported more than 500 new COVID-19 cases for the third straight day, even as the city state executes a phased reopening with more than 80% of its population fully vaccinated.
"In Singapore, we note risks nudging higher on the domestic COVID-19 front," analysts at Maybank said in a note.
"Given that eventual policy objective is for COVID-19 to be endemic in society, we expect stronger policy resistance this time round on going back to lockdowns."
Besides a raft of economic data from China later this week, investors are also awaiting U.S. consumer price index (CPI) data on Tuesday, which is expected to show core inflation easing, while retail sales data on Thursday could show another decline.
U.S. CPI will also be assessed in the light of Philadelphia Fed President Patrick Harker's recent comments to Japanese daily Nikkei that he wanted to start tapering if the rise in inflation proved more than transitory.
The dollar .DXY built on its bullish run from last week and began the week stronger as investors bet on the Fed beginning to tighten its purse strings.
The Thai baht THB=TH declined 0.6%, heading for its worst day in almost three months. Thailand's central bank said the country's financial system was stable and there were no big issues for the currency.
The Indonesian rupiah IDR= , Malaysian ringgit MYR= and the Philippine peso PHP= weakened roughly 0.2% each.
Shares in China .SSEC and Hong Kong .HSI fell, dragged lower by tech giants following a host of moves by Beijing to crack down on the country's technology sector.
China is due to release data on retail sales, industrial output and urban investment on Wednesday that analysts fear will show a further slowdown in the world's second-biggest economy.
** Indonesian 10-year benchmark yields are up 1 basis points at 6.164%
** Top loser on the Singapore STI .STI was Yangzijiang Shipbuilding Holdings Ltd YAZG.SI , down 3.11%
** Malaysia's Top Glove Corporation Bhd TPGC.KL , down 3.79%, leads losses on FTSE Bursa Malaysia Kl Index .KLSE
Asia stock indexes and currencies
at 0737 GMT
COUNTRY FX RIC
FX YTD INDEX
YTD % Japan
-0.16 -6.24 <.N225
China <CNY=CFX -0.18 +1.13 <.SSEC
-0.12 -0.71 <.NSEI
-0.42 -1.54 <.JKSE
-0.31 -3.09 <.KLSE
S.Korea <KRW=KFT -0.59 -7.64 <.KS11
-0.01 +2.78 <.TWII
-0.64 -8.80 <.SETI
Graphic: World FX rates Link
Asian stock markets Link
Reporting by Indranil Sarkar in Bengaluru; Editing by Devika
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。