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- Reuters SG
EMERGING MARKETS-Philippine stocks tumble as regional markets wobble on Omicron fears
* Markets on edge as Omicron variant stokes fresh COVID fears * Singapore stocks hit more than 1-mth low * Baht down for 7th day * Indonesia benchmark bond prices slump, rupiah eases By Anushka Trivedi Nov 29 (Reuters) - Philippine shares tumbled on Monday, while the Thai baht eased as financial markets were on edge on concerns the new Omicron variant of the coronavirus could derail a nascent re-opening of economies around the world. While South Korea, Indonesia and other Asian countries curbed arrivals from eight southern African nations over Omicron worries, the Philippines extended its ban to include some European countries and scrapped plans to open its borders to foreign visitors from this week.
- Reuters SG
EMERGING MARKETS-Stocks rise on China regulatory easing hopes, S.Korea leads gains
* Malaysian stocks set for fourth straight weekly drop * South Korean stocks post best session since Nov. 2 * Philippine Peso, Sing dlr, Thai baht gain 0.1% each By Arundhati Dutta Nov 12 (Reuters) - South Korea shares led gains in Asia on Friday, as the technology sector tracked a rally in U.S. semiconductor stocks and investors nurtured hopes that China was scaling back regulatory clampdowns. Taiwan's tech-heavy stock bourse advanced as much as 0.9%, while Indian shares added 0.9% Didi Global will relaunch its apps in China by the end of 2021 in anticipation that Beijing's probe into the firm will be wrapped up by then, Reuters reported. "Some easing in regulatory concerns are helping to boost Chinese stocks, which in turn is helping to underpin regional markets," said Mitul Kotecha, chief EM Asia & Europe strategist at TD Securities.
- Reuters SG
EMERGING MARKETS-S.Korean stocks rise on tech rally, lead Asian gains
* S.Korean stocks set for best day since Nov. 2 * Malaysia's economy shrinks 4.5% in Q3 * Singapore Airlines falls 1.7% after qtly loss By Arundhati Dutta Nov 12 (Reuters) - South Korean stocks firmed the most in Asia on Friday, as the technology sector tracked gains in U.S. semiconductor stocks and investors nurtured hopes that China was scaling back regulatory clampdowns. "Asian benchmark stock indices that have a higher weightage in tech-related stocks are outperforming today... likely due to the outperformance in the U.S. semiconductor stocks," said Kelvin Wong, an analyst at CMC markets. "Also, stringent regulatory clampdowns on China Big Tech have started to tone down," Wong added, referring to reports that Didi Global will relaunch its ride-hailing and other apps in China by the end of 2021 in anticipation that Beijing's probe into the firm will be wrapped up by then.
