* Graphic: World FX rates http://tmsnrt.rs/2egbfVh
* Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3lKhL5I
* Singapore shares at lowest since April 6 as banks drag
* Indonesia posts record daily increase in virus cases
By Anushka Trivedi
Sept 22 (Reuters) - South Korean stocks .KS11 led a slide
in emerging Asian markets on Tuesday, shedding more than 2% to
touch a one-month low, as investors dumped riskier assets after
fresh COVID-19 outbreaks in Europe hit hopes for a speedy global
recovery.
Taiwan equities .TWII , among Asia's winners from months of
coronavirus-driven volatility, and Indonesia, among the hardest
hit, were both down around 1% each.
Jakarta's stock index .JKSE hit a near two-week low, while
the rupiah IDR= gave up 0.3% against a broadly firmer dollar
after Indonesia reported a record increase in coronavirus
infections on Monday. The country's finance minister forecast a steeper economic
contraction this year than earlier predicted, adding to troubles
for a government which has spooked foreign investors with moves
to change the country's central bank law. Analysts at DBS said in a note that "if foreign bond inflows
do not return in the coming months, the 'burden' on onshore
banks and Bank Indonesia to continue to support fiscal financing
in 2021 will remain heavy."
Singapore stocks .STI hit a five-month low after DBS Group
Holdings DBSM.SI was among the banks named in reports on
Sunday that said a number of major global lenders had moved more
than $2 trillion in suspect funds over the past two decades.
The city-state's banking stocks shed a combined $2 billion,
with the top three lenders tumbling between 0.6% to 1.7%.
UOBH.SI OCBC.SI
Asian currencies remained on the backfoot as widespread
pessimism in the markets led investors to seek the traditional
security of the U.S. dollar .DXY .
Taiwan's dollar TWD=TP rose 0.5% to 29.011 and was the
sole gainer amongst Asian emerging currencies.
HIGHLIGHTS
** Indonesian 3-year benchmark yields ID3YT=RR are up 9.5
basis points at 5.191%
** Top losers on the Jakarta stock index .JKSE include
City Retail Developments Tbk PT NIRO.JK , down 6.99%, and Tri
Banyan Tirta Tbk PT ALTO.JK , down 6.92%
** Singapore shares .STI on track to drop for fourth
straight session
Asia stock indexes and
currencies at 0644 GMT
COUNTRY FX RIC FX DAILY % FX YTD % INDEX STOCKS STOCKS
DAILY % YTD %
Japan JPY= +0.05 +3.84 .N225 0.00 0.29
China CNY=CFXS +0.16 +2.50 .SSEC -1.04 7.62
India INR=IN -0.15 -2.86 .NSEI -0.63 -8.13
Indonesi IDR= -0.34 -5.83 .JKSE -0.94 -21.38
a
Malaysia MYR= -0.41 -1.16 .KLSE 0.46 -5.18
Philippi PHP= -0.07 +4.51 .PSI -0.25 -24.58
nes
S.Korea KRW=KFTC -0.60 -0.74 .KS11 -2.38 6.14
Singapor SGD= -0.19 -1.48 .STI -0.86 -23.53
e
Taiwan TWD=TP +0.54 +3.81 .TWII -1.17 5.40
Thailand THB=TH -0.54 -4.71 .SETI -0.46 -19.66