* South Korean won jumps most among Asian FX * Chinese stocks, yuan rally on further COVID-19 curb easing * Dollar falls across board (Adds Japan figures in the table) By Archishma Iyer Dec 27 (Reuters) - Most emerging Asian currencies were trading in green on Tuesday against a relatively weaker U.S. dollar, coming off from an extended Christmas holiday, as risk sentiment improved after China eased COVID-19 quarantine restrictions. The South Korean won gained the most, rising about 0.7% to hit its highest since June 10. China, Asia's largest economy, said it will stop requiring inbound travellers to go into quarantine from Jan. 8 in addition to downgrading the seriousness of COVID-19 as it has become less virulent, leading to hopes of economic growth picking up faster.
Malaysia's Capital A will combine its AirAsia budget airline business with long-haul offshoot AirAsia X as part of a corporate restructuring designed to shed its status as a financially-distressed firm, CEO Tony Fernandes said. Capital A, headed by Fernandes, will retain the digital, logistics and aviation services businesses, while AirAsia X will be renamed AirAsia Aviation and be led by long-time executive Bo Lingam under the plan.
The airline food caterer is proposing a large acquisition that will allow it to leapfrog into the global league. The post SATS Share Price Tumbles Amid S$1.64 Billion Acquisition: 5 Things Investors Need to Know appeared first on The Smart Investor.