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Last Trade - 18/06/21

Sector
Industrials
Size
Large Cap
Market Cap £6.54bn
Enterprise Value £7.18bn
Revenue £3.83bn
Position in Universe 261st / 6113

EMERGING MARKETS-Asian shares, FX muted as virus surge cuts risk taking

Tue 27th April, 2021 6:31am
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
    * Asian stock markets: https://tmsnrt.rs/2zpUAr4
    * Virus surge dampens risk sentiment across the region
    * South Korea reports better than expected economic growth
    * Investors eye Federal Reserve meeting later this week

    By Harish Sridharan
    April 27 (Reuters) - Asian stocks posted small moves and
currencies were flat on Tuesday, as a surge in coronavirus cases
in the region and the U.S. Federal Reserve's meeting this week
keep investors on edge. 
    "Regional COVID-19 spikes, foremost in India, signs in
Japan, Thailand, Malaysia, Korea, and accompanying curbs could
be mitigating the influence of largely positive data prints,"
analysts at Maybank said, noting the mixed equities performance
in Asia. 
    Indian equities  .NSEI  opened higher, with technology
stocks leading the gains, as investors awaited a slew of
quarterly results later in the day. 
    The coronavirus crisis in the South Asian country, however,
remained grim even as the daily rise in coronavirus cases
retreated from record levels on Tuesday, but stayed above the
300,000 mark for a sixth straight day.  urn:newsml:reuters.com:*:nFWN2MJ11G
    Thai stocks  .SETI  edged 0.3% higher, while the baht
 THB=TH  strengthened 0.2%, even as the government shuttered
parks, gyms and cinemas in Bangkok, the epicentre of the latest
wave of infections, as Thailand reported yet another daily
record of 15 virus deaths.  urn:newsml:reuters.com:*:nL1N2MJ04V urn:newsml:reuters.com:*:nL4N2MK0PW
    South Korea's economic growth beat expectations in the first
quarter, data showed on Tuesday, as global demand surged and the
government maintained support for ailing small businesses. The
won  KRW=KFTC  traded 0.1% firmer, while the country's shares
 .KS11  were down 0.3%.  urn:newsml:reuters.com:*:nL1N2MJ2Z6
    "With growth surging, talk of earlier Bank of Korea
tightening will inevitably pick up, and this could provide some
further support to the Korean won which appreciated today on the
GDP data," Robert Carnell, regional head of research,
Asia-Pacific from ING Economics wrote in a note.
    Investors will likely stay away from making big bets ahead
of the Fed's meeting later this week, where Chair Jerome
Powell's is likely to shed light on whether improving economic
conditions warrant a tapering of monetary easing. 
    Equities in Singapore  .STI  stood firm at 0.2% a day after
the city-state reported higher-than-expected manufacturing
output for March.
    Malaysian shares  .KLSE  were an outlier with relatively
larger losses, falling 0.8%, as stocks of palm oil producers and
large glove makers slipped. The nation recorded 2,776 new
COVID-19 cases with 13 deaths on April 26. 


Highlights
    
    ** Top loser on the FTSE Bursa Malaysia KLCI Index  .KLSE 
was Hartalega Holdings Bhd  HTHB.KL , down 3.40%
    ** General Engineering PCL  GEL.BK  was up 29.27% and the
top gainer on Thailand's SETI  .SETI  
    ** The biggest gainers in the NSE index  .NSEI  were
Hindalco Industries Ltd  HALC.NS  and Reliance Industries Ltd
 RELI.NS 

  Asia stock indexes and currencies at                         
 0452 GMT                                                 
 COUNTRY      FX RIC          FX     FX    INDEX  STOCKS  STOCK
                           DAILY  YTD %            DAILY  S YTD
                               %                       %      %
 Japan         JPY=        -0.16  -4.63   .N225     -0.3    5.9
 China         CNY=CFXS    +0.01  +0.66   .SSEC    -0.54  -1.46
 India         INR=IN      +0.15  -2.06   .NSEI     0.57   4.19
 Indonesia     IDR=        -0.09  -3.13   .JKSE    -0.01  -0.25
 Malaysia      MYR=        +0.02  -1.83   .KLSE    -0.83  -1.06
 Philippines   PHP=        -0.17  -0.83   .PSI     -0.30  -10.7
                                                              8
 S.Korea       KRW=KFTC    +0.13  -2.30   .KS11    -0.30  11.63
 Singapore     SGD=        -0.09  -0.41   .STI      0.15  12.87
 Taiwan        TWD=TP      +0.31  +2.19   .TWII    -0.06  19.20
 Thailand      THB=TH      +0.22  -4.40   .SETI     0.29   7.91
 




 (Reporting by Harish Sridharan in Bengaluru; Editing by
Jacqueline Wong)
 ((Harish.Sridharan@thomsonreuters.com;))
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