(Repeats to additional subscribers. No change to text.)
* Indonesian stocks hit highest since Feb. 25
* Most currencies gain as investors flock to riskier assets
* Thai c.bank gov says speedy rise of baht causing concern
* Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3lKhL5I
By Shruti Sonal
Nov 25 (Reuters) - Most emerging Asian stock markets and
currencies rose on Wednesday as COVID-19 vaccine progress and
expectations for a U.S. fiscal boost under a Joe Biden
administration lifted risky assets.
The region tracked gains in global equities, which included
the Dow Jones index .DJI breaching the 30,000 level for the
first time, supported in part by the formal start of U.S.
president-elect Joe Biden's transition to the White House.
MKTS/GLOB
Hopes that the new U.S. administration will push through
fresh stimulus measures, have steady working relations with its
allies and progress on a coronavirus vaccine have brightened
analysts' view for regional economies.
Signs of an economic rebound in Southeast Asia as pandemic
curbs ease have also aided sentiment.
"Admittedly, the stars aligning on prompt, unprecedented
policy stimulus, China-led resumption of supply-side activity
starting to bleed into demand recovery and more nuanced
containment strategies have rendered the downturn shallower than
feared," said Venkateswaran Lavanya, analyst at Mizuho Bank.
Shares in Singapore .STI , Malaysia .KLSE and Thailand
.SETI gained between 0.5% and 1.8%, though Philippine equities
.PSI bucked the trend and eased for the second straight day.
Indonesian stocks .JKSE climbed over 1% to their highest
level in nine months. The country's central bank on Tuesday said
the government expects to post 5% economic growth next year,
bouncing back from "slightly negative" growth in 2020.
Among currencies, the Singapore dollar SGD= , Philippine
peso PHP= , Malaysian ringgit MYR= and Indonesian rupiah
IDR= all edged up by 0308 GMT as investors shifted from the
safe-haven U.S. dollar to riskier assets.
The Thai baht THB=TH , however, was subdued. The country's
central bank governor said on Tuesday the speedy rise of the
currency was causing concern, but played down the chance of
launching unconventional measures such as mass bond purchases
any time soon. Thai finmin says plans more overseas borrowing
** Top Glove warns on deliveries after virus outbreak shuts
plants ** Thailand's 10-year government bond yields are up 1 basis
points at 1.365%
** Top gainers on FTSE Bursa Malaysia Kl Index .KLSE
include CIMB Group Holdings Bhd CIMB.KL , Telekom Malaysia Bhd
TLMM.KL , Public Bank Bhd PUBM.KL
Asia stock indexes and currencies at
0428 GMT
COUNTRY FX RIC FX FX INDEX STOCK STOCK
DAILY YTD % S S YTD
% DAILY %
%
Japan JPY= -0.03 +3.97 .N225 1.13 11.86
China CNY=CFXS +0.24 +5.87 .SSEC -0.22 11.32
India INR=IN +0.00 -3.55 .NSEI 0.51 7.84
Indonesia IDR= +0.07 -1.77 .JKSE 0.24 -9.28
Malaysia MYR= +0.00 +0.10 .KLSE 1.09 0.43
Philippines PHP= +0.04 +5.26 .PSI -0.87 -9.83
S.Korea KRW=KFTC +0.53 +4.48 .KS11 0.30 19.47
Singapore SGD= +0.03 +0.21 .STI 0.32 -9.99
Taiwan TWD=TP +1.14 +5.61 .TWII -0.41 14.61
Thailand THB=TH -0.10 -1.51 .SETI 1.34 -10.0
9