Stocks will rise as most Asian Forex and China COVID conditions improve

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Most Asian currencies and stocks

Tuesday rose sharply, boosted by optimism about China

Improve the situation at COVID-19, depreciate and depreciate dollar

Overnight yields from the U.S. Treasury also helped investors

Emotions.

Filipino and Indonesian stocks

Each increase by more than 1%, Korea wins

Profit between Asian currencies.

Thailand’s share rose 1.6%.

After Southeast Asia, it rose by nearly 0.6%

The second largest economy grew 2.2% in the March quarter,

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Forecast of 2.1% increase.

Other emerging Asian stock markets were also high,

Vulnerable global risk Following improvement in appetite

Investors look back on China’s disastrous monthly activity data.

Monday as the second largest economic coronavirus in the world

The situation has improved.

“Given that the Chinese economy was significantly weakened in April.

Both are industrial due to the blockade of COVID-19 in some areas

Production and retail sales are weaker than expected …

China strengthened its policy support last week. “

The bank analyst said in a memo.

Indonesia is the world’s top palm oil exporter with hundreds of people

Small farmers protest in the capital Jakarta,

Other parts of the country require the government to end

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Ban on the shipment of crude palm oil, which has significantly reduced income.

“Prohibition … just because it’s more negative to the currency

It reduces export performance … it hurt the balance of payments

Position and that’s probably why we’re looking at some pressure

The same goes for the pier, “said EM strategist Mitul Kotecha.

TD Securities.

Indonesian rupiah fell by nearly 1.6%

Due to the suspension of palm crude oil shipments on April 29,

0.2%, the lowest since November 2, 2020.

However, the country’s trade surplus has jumped to the maximum.

April’s $ 7.56 billion is unprecedented as exports rise to record highs

Imports grew slower than expected.

In contrast, the dollar has fallen from its 20-year high.

The Chinese yuan, which plummets weekly,

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Investors are seeing rising US interest rates

Providing Asian currencies throughout to drive further dollar appreciation

Get a very necessary rest.

However, Vietnamese dong hit the lowest since

January 7, 2021.

highlight:

** India’s stock market rose 2.1%,

National life insurance company, the largest list in the country

IPO, second half of session

** Indian rupee weakened to hit record lows of 77.73

Traders against the dollar are monitoring domestic stocks

Fund flow clues

** Top Thai SETI winners include AQ Estate PCL

50% increase, Indara Insurance PCL increase by 30%,

Castle Peak Holdings PCL up 23.58%

With Asian stock indexes

0815 GMT currency

COUNTRY FX RIC FX FX INDE STOCKS STOCKS

DAILY% YTD% X DAILY YTD%

%

Japan-0.23-11.1<.n2>

China EC>

India-0.20-4.22<.ns ei>

Indonesian-0.24-2.70<.jk a se>

Malaysia +0.25-5.04<.kl se>

Philippi-0.01-2.72<.ps nes i>

Korea 11>

Singapore +0.41-2.64<.st e i>

Taiwan +0.28-6.87<.tw ii>

Thailand +0.64-3.33<.se ti>

(Report by Riya Sharma in Bangalore, edited by Rashmi Aich)