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Patturaja Murugaboopathy

India grabs most of foreign inflows into Asian equities in March

05 Apr 2019

Indian equities attracted the biggest foreign money in seven years in March and grabbed a major chunk of inflows into Asia on optimism about the upcoming general election, while most others in the region had a lackluster show due to lingering global slowdown worries and weaker exports.

Indonesian stocks set to scale highs on elections, capital inflows

29 Mar 2019

A steep rally in Indonesian stock markets ahead of a general election in April is likely to get a further boost from the dovish shifts in monetary policies of global central banks.

GRAPHIC-Indonesian stocks set to scale highs on elections, capital inflows

29 Mar 2019

March 29 A steep rally in Indonesian stock markets ahead of a general election in April is likely to get a further boost from the dovish shifts in monetary policies of global central banks.

China stocks rally on investor optimism, but corporate earnings lag

26 Mar 2019

SHANGHAI/BENGALURU A sharp rally in Chinese stocks this year has been driven more by investor optimism than fundamentals, based on an analysis of corporate earnings estimates in an economy expanding at its slowest pace in 28 years.

Foreign investors turned net buyers of Asian bonds in February

20 Mar 2019

Foreigners turned net buyers of Asian bonds in February, however the flows were uneven as political uncertainty in parts of the region dampened optimism that the United States and China were inching toward a trade deal.

Foreign investors turned net buyers of Asian bonds in February

20 Mar 2019

March 20 Foreigners turned net buyers of Asian bonds in February, however the flows were uneven as political uncertainty in parts of the region dampened optimism that the United States and China were inching toward a trade deal.

Asia firms spend less and save more as China economy slows

19 Mar 2019

BENGALURU Corporate spending in Asia is likely fall for the first time in three years, a Reuters analysis of Refinitiv data showed, as businesses conserve cash in the face of a stalling Chinese economy, an unresolved trade dispute and Brexit uncertainty.

Foreigners accumulate Asian equities in Feb on trade deal hopes

08 Mar 2019

March 8 Foreigners were net buyers of Asian stocks for the second consecutive month in February, buoyed by rising optimism about a trade deal between the United States and China.

U.S.-China trade: tariff and non-tariff barriers

27 Feb 2019

U.S. President Donald Trump said this week he may soon sign a deal with Chinese President Xi Jinping to end a trade war blamed for slowing global economic growth and disrupting markets.

EM ASIA FX-Asian currencies drop as weak data fuel global growth worries

22 Feb 2019

(Adds text, updates prices) By Patturaja Murugaboopathy Feb 22 Most Asian currencies dropped on Friday as a run of data around the world heightened concerns over a slowing global economy in a blow to investor risk appetite. Recent manufacturing sector surveys in the United States, Europe and Japan predicted a contraction in production levels amid shrinking demand for their exports. On Thursday, the United States saw an unexpected fall in core capital goods orders pointing to a slowdown in business spending. The weak global growth impulse boosted U.S. Treasury yields, which in turn underpinned the dollar index. Saktiandi Supaat, head of FX research at Maybank in Singapore, said anxiety around the outcome of the Sino-U.S. trade war and concerns the global economy is slowing at a faster than expected pace could curb see currency market activity. Reuters reported exclusively on Wednesday that China and the Unites State, currently engaged in high-level talks in Washington, were drafting language for six memorandums of understanding on proposed Chinese reforms. "Disappointment on the outcome of the trade talks could derail sentiment and provide some support for the dollar," said Maybank's Supaat. U.S. President Donald Trump will meet with Chinese Vice Premier Liu He, who is leading trade talks with U.S. officials in Washington, at the White House on Friday, the White House said on Thursday. The Thai baht led the region's declines, shedding 0.3 percent on Friday. The baht has gained over 4 percent this year though in recent weeks worries about an upcoming election has cooled investor interest toward Thai assets. Foreign investors have sold Thai equities in eight out of the last nine trading sessions, the stock exchange data showed, as worries about potential political instability grip the nation ahead of elections in March. The Chinese yuan and the Malaysian ringgit gave up 0.1 percent each, while the Indian rupee edged higher on falling crude oil prices. Malaysia's consumer prices fell 0.7 percent in January from a year earlier, the first decline in nearly a decade, government data showed on Friday. The Indonesian rupiah inched lower, but was set to register its biggest gain in three weeks. Indonesia's central bank kept interest rates on hold on Thursday and said it was looking at ways to boost loan growth, but indicated it was in no hurry to start rolling back last year's six benchmark hikes. The following table shows rates for Asian currencies against the dollar at 0449 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0449 GMT Currency Latest Previous Pct bid day Move Japan yen 110.780 110.69 -0.08 Sing dlr 1.355 1.3534 -0.10 Taiwan dlr 30.807 30.830 +0.07 Korean won 1125.90 1125.2 -0.06 0 Baht 31.300 31.18 -0.38 Peso 52.160 52.13 -0.06 Rupiah 14065.0 14058 -0.05 00 Rupee 71.163 71.25 +0.12 Ringgit 4.081 4.076 -0.12 Yuan 6.729 6.7198 -0.14 Change so far in 2019 Currency Latest End 2018 Pct bid Move Japan yen 110.780 109.56 -1.10 Sing dlr 1.355 1.3627 +0.59 Taiwan dlr 30.807 30.733 -0.24 Korean won 1125.90 1115.70 -0.91 0 Baht 31.300 32.55 +3.99 Peso 52.160 52.47 +0.59 Rupiah 14065.0 14375 +2.20 00 Rupee 71.163 69.77 -1.96 Ringgit 4.081 4.1300 +1.20 Yuan 6.729 6.8730 +2.14 (Reporting By Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra in Bengaluru Editing by Shri Navaratnam)

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