شركة رقمي
نقل من موقع 
* Peso weakens most in nearly four weeks
* Indian rupee at highest since June 11
* China factory activity contracts in Aug
By Sameer Manekar
Sept 1 (Reuters) - The Philippine peso led losses among
largely mixed currencies in Asia as a raft of weak regional data
weighed on sentiment, while the Indian rupee strengthened on
Wednesday to its highest in nearly three months on strong
quarterly economic growth.
Equities in the region were also mixed, with India"s Nifty
50 scaling a record level for the fourth straight day,
while shares in the Philippines and Malaysia both
lost more than half a percent.
A raft of IHS Markit data showed factory activity in Asia
lost momentum in August due to a resurgence in coronavirus
cases, with China - the region"s biggest trading partner -
logging a contraction for the first time since April last year.
Indian rupee touched its highest since June 11
after logging in an almost 2% gain last month, and the Nifty 50
climbed 0.6% to mark its eighth straight session of gains after
data showed economy grew more than 20% in the June quarter.
The massive growth rate, however, fell short of the 21.4%
expansion forecast by the Indian central bank.
"With this growth print illustrating the fragility of the
overall economic recovery, and with risks still to the downside,
we do not see the Reserve Bank of India"s monetary policy
committee normalizing policy in a hurry," Bank of America
analysts said.
Analysts at the North Carolina, U.S.-based bank maintained
their FY22 real GDP growth estimate for India at 9.3%, and
expect the RBI to hike its reverse repo rate in the first half
of 2022 and policy repo rate next June or August.
Nifty 50 reversed course later in the day to trade 0.2%
lower, as of 0600 GMT.
The Philippine peso slipped as much as 0.9% after
data showed manufacturing activity contracted in August, while
equities in Manila declined more than 1% as daily
coronavirus cases in the country touched a record high earlier
in the week.
"With COVID-19 risks intact, recovery in the Philippine peso
could be choppy, particularly against regional peers," analysts
at Maybank said in a note.
Among other Asian currencies, the Malaysian ringgit,
South Korean won, and the Taiwanese dollar
each strengthened up to 0.3% as the U.S. dollar remained pinned
near its three-week lows.
Investor focus has shifted to U.S. non-farm payrolls data
due later this week. A weaker August jobs number could support
the case for the Federal Reserve prolonging its dovish stance,
adding further pressure on the U.S. dollar.
Among equities, the Malaysian benchmark index was
the top loser, while Singapore shares advanced more than
1% after closing 1.5% lower on Tuesday.
HIGHLIGHTS:
** Indonesian rupiah slips 0.2%, equities
down 0.7%
** Indonesia"s annual inflation rate edges up in August to
highest in three months - nJ9N2NC01S
** S.Korea"s won up 0.3% on its fourth day of
gains
Asia stock indexes and
currencies at 0638 GMT
COUNTRY FX RIC FX FX INDEX STOCKS STOCKS
DAILY YTD % DAILY % YTD %
%
Japan -0.19 -6.34 1.29 3.67
China
مشاركة :
