Feb 2 (Reuters) – The Indonesian rupiah firmed in thin trading on Wednesday after the country's finance minister took a cautious stance on the timing of foreign currency bond issuance, in view of rising interest rates globally.
The rupiah rose 0.2% – tracking its best day in nearly three weeks – as Finance Minister Mulyani Indrawati also said that the economic activity in the first quarter should not be affected too much by a new wave of COVID-19 cases, because vaccination rates were now higher than in earlier waves.
Shares in Jakarta (.JKSE) climbed more than 1%, with the country's annual inflation rate rising to 2.18% in January, to be within the central bank's 2% to 4% target range for the first time in nearly two years. read more
China, South Korea, Malaysia and Taiwan were all closed due to public holidays.
The Thai baht and Philippines peso were both down between 0.1% and 0.4% against a weaker dollar.
But the benchmark Philippine stock index (.PSI) rose nearly 2%, set for its best day in three weeks.
Japanese stocks (.N225) rose 1.6%, tracking Wall Street's rally overnight on improved risk appetite. The yen , however, stayed flat in holiday-thinned Asia trade.
Indian shares (.NSEI) rose nearly 1%, extending a post-budget rally, after the government stepped up spending to put growth on a firmer footing. read more
The Singapore dollar was flat, with the country's stock markets (.STI) also closed for a public holiday.
** Top gainers on the Jakarta stock index (.JKSE) include MNC Kapital Indonesia Tbk PT (BCAP.JK) up 28.7%, Gaya Abadi Sempurna Tbk PT (SLIS.JK) up 25%
** The Nifty Bank index (.NSEBANK) and the Nifty PSU Bank index (.NIFTYPSU) led gains among Indian sub-indexes
Our Standards: The Thomson Reuters Trust Principles.
Gazprom Germania, the energy business abandoned by Russia's Gazprom in April, may need a fresh injection of funds beyond a 10-billion-euro ($10.06 billion) loan already extended by German state investment bank KfW, Der Spiegel reported on Friday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved