* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * South Korean shares down 1.8%, eye worst day since March 9 * Malaysia imposes COVID-19 curbs as infections spike * Philippines detects cases of Indian virus variant By Rashmi Ashok May 11 (Reuters) - Tech-heavy equities in South Korea and Taiwan led losses in Asian markets on Tuesday as investors worried over a potential spike in inflation, while rising COVID-19 cases and curbs in other parts of the region further dampened sentiment. Data showed Philippines' gross domestic product (GDP) fell 4.2% in the March quarter from a year earlier, worse than the median estimate of a 3.0% contraction in a Reuters poll, though sequential output figures showed a recovery was underway .
Singapore's oldest industrial REIT powers on with yet another acquisition. The post 5 Reasons to Like Ascendas REIT’s Latest Acquisition appeared first on The Smart Investor.
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * BoT decision due around 0700 GMT * Indonesia Q1 GDP -0.74% * India cenbank announces support measures * SG shares slump for fourth day By Anushka Trivedi May 5 (Reuters) - The Thai baht eased while shares tumbled almost 2% ahead of the central bank's policy review on Wednesday, while Indian equities jumped as the country's central bank announced measures for lenders and small businesses amid a devastating COVID-19 wave. In a data-packed day for Asia, most currencies traded flat to higher against the U.S. dollar, while Philippines and Singapore shares slid and Taiwan's were up 0.5%. The baht fell 0.2% and shares declined to their worst day in three-months on resuming trade after holidays this week as the trade-and-tourism-reliant economy battles a deadly wave of COVID-19 infections.