EMERGING MARKETS-Southeast Asia shares off lows as U.S. futures rise, virus fears remain

* Indonesia's rupiah regains ground after c.bank
intervention
* Thai shares end four weeks of gains
* U.S. stock futures up between 1.5% to 2.2%

June 12 (Reuters) - Stock markets in Southeast Asia
recovered from their session lows on Friday as U.S. futures
rose, but fears of a new wave of coronavirus infections dampened
hopes of a global economic recovery as countries emerge from
their lockdowns.
Singapore .STI and Kuala Lampur .KLSE both ended 0.7%
lower, rallying well off lows after losing more than 3% earlier.
Asian markets had taken their early bearish leads from Wall
Street, where the three major U.S. stock indexes fell more than
5% on Thursday, posting their worst day since mid-March. .N
"Certainly not going to judge it today as it's Friday and
the markets will try to settle in around current ranges and take
a pause to reassess next week," Stephen Innes, the chief global
markets strategist at AxiCorp said.
Among emerging market currencies, Indonesia's rupiah IDR=
faced the brunt of the sell-off, ending 0.7% weaker against the
dollar in a week that saw it drop 1.4% as the number of domestic
coronavirus infections spiked to around a 1,000 a day.
The currency did regain some ground from a 1.5% drop earlier
after the central bank intervened in the spot and domestic
non-deliverable forward markets.
In Jakarta, equity markets .JKSE ended higher after losing
as much as 2.9% earlier. It marked the first weekly loss in
three, a sign that the recent rally may have been overdone.
A central bank survey on Friday showed consumer confidence
tumbling to its lowest in 15 years in May.
Thai shares .SETI plunged 3.7% over the week, ending a
four-week winning run even as the country plans to lift a
national curfew and ease restrictions further next week after
largely bringing local infections under control. But with tourism a big contributor to growth and with bars
to remain closed, there still remains some way to go. The baht
THB=TH fell 0.2% to 30.98 per dollar.
Like China and much of the developed world, Southeast Asian
countries have been steadily easing lockdown measures that have
hammered their economies and are hoping for a swift reboot in
the weeks ahead.
Philippine financial markets were closed for a public
holiday.
Change on the day at 0945 GMT
COUNTRY FX DAILY % FX YTD % STOCKS DAILY % STOCKS YTD %
Japan -0.56 +1.08 -0.75 -5.71
China -0.18 -1.60 -0.04 -4.27
India -0.08 -5.88 0.50 -18.22
Indonesia -0.71 -1.21 0.53 -22.53
Malaysia -0.42 -4.13 -0.72 -2.69
S.Korea -0.61 -3.94 -2.04 -2.97
Singapore +0.24 -3.25 -0.72 -16.70
Taiwan -0.10 +1.16 -0.92 -4.73
Thailand -0.16 -3.45 -1.02 -12.49