Stock markets in Singapore, Malaysia and Indonesia gained up to 0.2% following a mixed Wall Street session as concerns over record case numbers in California weighed on sentiment. Meanwhile, South Korea's stock index slumped 0.9% after five session of gains, while the won slipped as authorities there warned that total coronavirus cases could spike to 900 next week which could "collapse" the country's health system. Analysts at ING expect the safe-haven currency to weaken by 5%-10% in 2021 against most units.
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3lKhL5I * Philippine stocks slide nearly 2%, lead losses * Yuan's 0.3% bounce keeps Asian FX afloat * Indonesian and Malaysian markets shut on local holidays By Rashmi Ashok Oct 29 (Reuters) - Asian equities slid on Thursday after surging coronavirus cases in the United States and Europe sparked a sell-off on Wall Street overnight, while a rebound in the Chinese yuan helped shield regional currencies from the risk-off mood. The Chinese yuan rose 0.3 %, recovering losses made in the previous session. It fell on Wednesday after some banks tweaked a methodology for fixing the yuan's daily midpoint, which was seen by some as a sign that Beijing is willing to allow some weakness in its currency.
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Rupee hits highest level since mid-March * South Korean shares down on GDP forecast cut By Shriya Ramakrishnan Aug 27 (Reuters) - Indian rupee led Asian currencies with a more than half percent gain on Thursday, adding to this week's central bank-inspired appreciation against the dollar, while South Korean shares sank after Bank of Korea slashed its economic outlook for the year. The rupee had surged 1% on Monday as dealers reported a halt in central bank buying of the dollar, widely understood to be aimed at aiding the competitiveness of Indian exporters as the economy struggles with one of the world's worst coronavirus outbreaks. Seoul's export-focused KOSPI closed more than 1%lower, ending a four-day rally as the grim forecasts from the Bank of Korea added to its highest daily spike in COVID-19 infections since March.