* Graphic: World FX rates http://tmsnrt.rs/2egbfVh
* Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA
* Asian FX lose ground as dollar claws back losses
* Mexican peso swings wildly in volatile trade
* Philippine shares gain the most
By Shriya Ramakrishnan
Nov 4 (Reuters) - Emerging Asian stocks scored small gains
and currencies were broadly weaker as early projections of the
U.S. presidential election hinted at a tighter race, sparking a
bout of volatility across financial markets.
U.S. President Donald Trump was narrowly leading Democratic
rival Joe Biden in the vital battleground state of Florida,
Edison Research said on Tuesday, while other competitive swing
states that will help decide the election outcome, such as
Georgia and North Carolina, remained up in the air. markets in the region closely tracked U.S. stock
futures ESc1 , which swung wildly as early election results
from different states began to trickle in, but the final outcome
may not be known for days.
South Korea's KOSPI .KS11 was up half a percent, after
largely swinging between positive and negative territory, while
Singapore shares .STI were marginally higher.
An unclear result, one with no immediate outcome or one
showing split party control, would throw more doubt on the
prospects for a coronavirus relief package that could help
revive an economy decimated by the pandemic.
Analysts have said a Biden victory could weaken the dollar
and lift trade-exposed currencies, as it is expected to adopt a
less combative stance on the region's economic engine, China,
and a steadier foreign and trade policy overall.
Biden, who has held a consistent lead in national opinion
polls, still has multiple paths to the 270 Electoral College
votes he needs to win without Florida, and took the lead in
other battleground states.
Most Asian currencies traded lower after the U.S. dollar
pared earlier losses, with the Singapore dollar SGD= , South
Korean won KRW=KFTC and Chinese yuan CNY=CFXS down the most.
The Mexican peso MXN= , highly sensitive to both political
and economic developments of the United States, its closest
trading partner, also swung wildly in volatile trade. It was
last down 1.8%.
Taiwan's dollar TWD=TP stood out once again with a more
than 1% rise, and the Indonesian rupiah IDR= at a near
three-month high against the U.S. dollar.
Elsewhere, Philippine shares .PSI topped gains among
regional stock markets after data showed the country posted its
first monthly rise in exports since February, as the government
gradually reopened the pandemic-hit economy. ** Thailand's 10-year government bond yields are up 1 basis
point at 1.4%
** In the Philippines, top index gainers are Bloomberry
Resorts Corp BLOOM.PS up 4.34% at 7.7 peso, Metropolitan Bank
and Trust Co MBT.PS up 3.07% at 41.95 peso, Robinsons Land
Corp RLC.PS up 2.89% at 15.64 peso
** Top gainers on the Singapore STI .STI include Singapore
Telecommunications Ltd STEL.SI up 2.44% at S$2.1, Singapore
Technologies Engineering Ltd STEG.SI up 1.14% at S$3.56, SATS
Ltd SATS.SI up 0.97% at S$3.13
Asia stock indexes and
currencies at 0217 GMT
COUNTRY FX RIC FX FX INDEX STOCKS STOCKS
DAILY YTD % DAILY % YTD %
%
Japan JPY= -0.10 +3.87 .N225 1.73 0.17
China