* S. Korea stocks, won battered by virus surge * Thai baht slides to over 1-yr low as tighter curbs proposed * BNM holds rates steady as expected By Anushka Trivedi July 8 (Reuters) - Malaysian shares slumped and the ringgit hit a more than ten-month low on Thursday after the biggest political party of the country's ruling coalition called for Prime Minister Muhyiddin Yassin to resign at a time when the country remains in a COVID-19 lockdown. Bank Negara Malaysia met for a policy review against this backdrop, and held interest rates at 1.75% as widely expected, but cautioned that growth faces a hurdle from the restrictions that have been in place since June. Both have been trading lower since United Malays National Organisation (UMNO) said it would pull its support from the coalition after months of infighting, citing the government's failure to manage the pandemic effectively.
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Asian stock markets: https://tmsnrt.rs/2zpUAr4 * Taiwan stocks eye best day in 3 weeks * Indonesia stocks set to snap 4-day losing streak * Investors await speech from Fed chief Jerome Powell By Harish Sridharan June 22 (Reuters) - The Thai baht hit a near nine-month low on Tuesday, extending losses for a seventh straight session, as the U.S. Federal Reserve's recent hawkish turn continued to weigh on the currency. Equity markets across Asia tracked a global overnight rebound on Wall Street, as market participants turned their attention to economic growth. The baht, which has come under pressure along with its regional peers after the Fed last week indicated earlier than expected policy tightening, dipped to its lowest since Sept. 30, 2020.