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Indonesia’s IDX Composite slipped 66 points, or 1.1%, to 5,876 in early Thursday trade, reversing the prior session’s modest gain as sentiment soured amid a global equity selloff. Chip stocks plunged, and faster-than-expected U.S. inflation stoked concern over further rate hikes, weighing on Asian markets. Locally, cau
Most Asian currencies fell as oil prices and elevated US Treasury yields pressured risk sentiment. The Thai baht touched 33.64, its weakest since late July, and the rupiah fell to 17,985 per dollar.
(Updates to market close) By Jaspreet Kalra MUMBAI, Sept 24(Reuters) — The Indian rupee fell to a one-week low on Thursday as a jump in oil prices and little progress in U.S.-Iran talks raised concerns that inflation could prompt further global rate hikes. Dollar sales by state-run banks, likely on behalf of the Reserv
MSCI EM Asia equities index slips 0.8% Jakarta's equity benchmark down as much as 1.4% India's Nifty 50 down as much as 1.2% Indonesian rupiah weakens to as much as 17,907 (Updates for afternoon trade) By Shruti Agarwal Sept 24 (Reuters) — Emerging Asian stocks and currencies retreated on Thursday, with Indonesian asse
MSCI EM currencies index marks biggest intraday drop since mid-May Indonesian rupiah weakens to as much as 17,900 MSCI EM Asia equities index slips 0.8% Jakarta stocks benchmark down 1%, India's Nifty 25 falls 0.9% By Shruti Agarwal Sept 24 (Reuters) — Emerging Asia currencies fell the most in more than four months on