Most emerging currencies in Asia lacked direction on Monday as worries grew over property developer China Evergrande's debt crisis, while shares in Singapore and Indonesia outperformed regional peers. News that China Evergrande shares were suspended on Monday after the company missed a key interest payment on an offshore bond for the second time last week kept a lid on Asian currency gains.
Asia's emerging currencies traded in tight ranges on Monday as investors worried about China's property sector and the timing of Federal Reserve tapering, while shares in Singapore and Indonesia outperformed. Shares in Singapore gained more than 1%, buoyed by gains in Singapore Technologies Engineering after it agreed to buy Roper Technologies Inc's TransCore business for $2.68 billion.
* Philippine stocks hit lowest since May 27 * S. Korea tightens virus curbs on gatherings beyond Seoul * Indonesian rupiah eases; central bank meet on Thursday By Anushka Trivedi July 19 (Reuters) - Asian stock markets and currencies saw heavy losses on Monday as some countries in the region tightened COVID-19 curbs to tackle a highly contagious Delta variant-fuelled surge of infections that sparked a sell-off in risky assets. Manila shares slid 1.6%, slumping for a third day after last week's detection of a Delta variant infection spurred extension of stay-at-home orders, while Singapore, Thailand and South Korea's equities fell 1% each. Among currencies, the South Korean won declined 0.7% to lead losses on widened curbs beyond Seoul, the capital, while the baht, the peso and the ringgit eased between 0.2% and 0.3%.