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Rupiah gives up gains in choppy trade; baht hits 8-month high SINGAPORE: The Indonesian rupiah shed its earlier gains in volatile trading ahead of an announcement to declare the winner of the country's closely fought presidential election.The likely loser, former general Prabowo Subianto, refusing to concede defeat, made a last-gasp attempt to delay the announcement of the official results due on Tuesday.An official from his party, however, later said Prabowo has withdrawn his presidential candidacy after denouncing the election process as undemocratic.It was not clear how Prabowo's actions would affect the announcement by the Elections Commission later on Tuesday on the outcome of the July 9 election.After rising to as high as around 11,505 versus the dollar earlier in the day, the rupiah later gave up all of its gains and last stood at 11,590 versus the dollar, down 0.2 percent on the day.The Elections Commission is expected to declare Jakarta Governor Joko "Jokowi" Widodo as the nation's next leader.The rupiah ...

Yen dips as stocks rally and Ukraine tensions ease TOKYO: The yen eased in Asia Tuesday as news that pro-Russian rebels had handed over the black boxes of Flight MH17 eased concerns about the Ukraine crisis.The losses in the Japanese unit, which is considered a safe bet in times of economic and political uncertainty, were in line with a regional stock market rally as confidence returned to financial markets.In Tokyo afternoon trade, the dollar bought 101.53 yen, up from 101.38 yen in New York ...
Yen dips as stocks rally and Ukraine tensions ease TOKYO: The yen eased in Asia Tuesday as news that pro-Russian rebels had handed over the black boxes of Flight MH17 eased concerns about the Ukraine crisis.The losses in the Japanese unit, which is considered a safe bet in times of economic and political uncertainty, were in line with a regional stock market rally as confidence returned to trading markets.In the early afternoon the dollar bought 101.47 yen, up from 101.38 yen in New York ...
South Korea won rises, stocks touch a 2014 peak before ending flat SEOUL: The South Korean won edged up on Monday as foreign investors sold dollars as worry about global geopolitical tensions appeared to ease, while stocks ended flat.The local currency closed up 0.26 percent at 1,026.8 against the dollar versus Friday's close of 1,029.5. The won was at its strongest in five days.The Korea Composite Stock Price Index (KOSPI) was quoted at 2,018.50 points at the end of Monday's session, down 0.05 percent from Friday's onshore ...
Asian currencies rise, baht hits 7-month high, but traders remain cautious SINGAPORE: Most Asian currencies rose on Monday, with the Thai baht touching a seven-month high, as investor risk aversion showed signs of easing, although market players remained cautious about geopolitical risks.Asian currencies had slipped late last week after the downing of a Malaysian airliner over eastern Ukraine on Thursday stoked geopolitical tension and made investors wary of riskier assets.Their drop on Friday proved mild, however, and emerging Asian currencies have since regained their footing.Heightened fears ...
Sri Lanka sees $307mn govt securities outflow; central bank says no impact on rupee COLOMBO: Offshore investors sold 40 billion rupees ($307.13 million) worth of Sri Lankan government securities last week, official data showed on Monday, but the central bank said this would not affect the rupee.The total foreign holding in government securities in the week ended on July 11 stood at 509.59 billion rupees, of which foreign investors sold 7.9 percent, official data showed.The sudden outflow reduced the foreign holding in total outstanding government securities to less than ...
Sri Lanka rupee weaker on importer dollar demand; stocks up COLOMBO: The Sri Lanka rupee fell on Monday due to importer dollar demand, and dealers said the currency could face some downward pressure in the future on a possible pickup in imports.Dealers, however, said they did not see any impact on the rupee due to $307 million in outflows from government securities a week earlier.The rupee was traded at 130.30/33 per dollar at 0838 GMT, weaker from Friday's close of 130.28/30. Early last week, the ...

 



 
Index Closing Chg%
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Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln