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Omicron’s rapid spread shreds budding recovery in air travel
Genting Singapore Limited (GIGNF)
- Reuters SG
EMERGING MARKETS-Asian FX, stocks pare gains on Moderna CEO's Omicron warning
* Singapore stocks drop ~4% in Nov * Ringgit worst performing currency among Asian FX this month * India GDP due at 1200 GMT * Philippine equity markets shut for holiday By Anushka Trivedi Nov 30(Reuters) - Emerging Asian equities and currencies trimmed gains on Tuesday on concerns that the Omicron coronavirus variant could prove more resistant to existing vaccines, while South Korean shares dropped over 2% on weak domestic data. Risk sentiment across Asia soured after the head of drugmaker Moderna told the Financial Times that current COVID-19 vaccines were unlikely to be as effective against Omicron as they have been against the Delta variant. Indonesia stocks reversed course to fall 0.5%, while equities in Thailand, China and Malaysia shaved gains to trade flat to 0.2% higher.
- Reuters SG
EMERGING MARKETS-Thai baht weakens, Singapore stocks fall on virus fears
* Thai stocks snap eight sessions of losses * Indonesian rupiah falls to over two-month low * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Asian stock markets: https://tmsnrt.rs/2zpUAr4 By Soumyajit Saha June 29 (Reuters) - The Thai baht remained near a 13-month low on Tuesday, while Singapore stocks dropped to their lowest in over a month, as concerns about the economic impact of rising novel coronavirus cases in Southeast Asia hurt sentiment. The baht broke the 32-level against the U.S. dollar for the first time since May 2020, as the tourism-reliant economy struggled against the country's worst virus outbreak. A surge in the region's cases also hurt Singapore stocks , which snapped a three-day winning streak to drop to their lowest level since May 17.
- Reuters SG
EMERGING MARKETS-Indonesia stocks rise ahead of c.bank meet, Asian currencies up
* BI expected to maintain rates at record low, meeting at 0700 GMT * Taiwan stocks hit two-week high * Singapore's GDP grows 1.3% year-on-year, shares rise By Harish Sridharan May 25 (Reuters) - Indonesian shares rose more than 1% on Tuesday ahead of a central bank policy meeting, while the rupiah and broader Asian currencies gained on the back of a weaker U.S dollar and a drop in U.S Treasury yields. Equities in Taiwan and South Korea took their cue from a jump on Wall Street, with the latter gaining as much as 2% and hitting a two-week high. The strong U.S. session also gave an added boost to Indonesia stocks, which climbed 1.4%.
