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BusinessAFP NewsFrench stocks drag down European markets on vote fears
The Paris stock exchange plunged to its worst weekly performance in more than two years on Friday, dragging down other European markets and the euro as investors fret over France's looming snap election.In another sign of investors' concerns about the snap election, the yield, or interest, on 10-year French sovereign bonds rose and the difference with Germany's own borrowing costs widened the most in years.
- BusinessReuters SG
EMERGING MARKETS-Asian currencies on backfoot on dollar strength; rupiah at 4-year low
* Indonesian rupiah set for over 1% weekly loss * Most Asian currencies headed for weekly losses * Singapore stocks set for worst week since mid-April * Taiwan stocks hit record high * Indonesian stocks fall for fourth straight week (Updates at 0640 GMT) By Adwitiya Srivastava June 14 (Reuters) - Asian currencies were subdued on Friday pressured by a firm dollar, with the Indonesian rupiah hitting a four-year low even as the local central bank intervened in the foreign exchange market to maintain investor confidence. The rupiah fell as much as 0.7% to hit 16,375.00, its lowest level since early April 2020.
- BusinessReuters SG
EMERGING MARKETS-Indonesian rupiah hits 4-year low on resilient dollar
* Indonesian rupiah set for over 1% weekly loss * Most Asian currencies headed for weekly losses * Singapore stocks set for worst week since mid-April By Adwitiya Srivastava June 14 (Reuters) - Indonesia's rupiah fell to a four-year low on Friday, pressured by a strong dollar even as the local central bank intervenes in the foreign exchange market to maintain investor confidence, while most other Asian currencies drifted within tight ranges. The rupiah fell as much as 0.7% to hit 16,375.00, its lowest level since early April 2020.
