EM ASIA FX-Rupiah leads Asia FX gains on China PMI; intervention hits won

Reuters

(Updates prices. For midday report, double-click

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SINGAPORE, Oct 24 (Reuters) - The Indonesian rupiah hit a

seven-week high on Thursday, leading gains among emerging Asian

currencies, on a survey showing solid growth in Chinese

manufacturing, while South Korea's won turned weaker as

authorities intervened to slow its rise.

The rupiah rose as much as 1.3 percent to 11,125

per dollar, its strongest since Sept. 5, according to Thomson

Reuters data, on demand from custodian banks and real money

funds.

Jakarta shares outperformed most regional stocks

with a 0.7 percent gain, while most government bond yields slid.

The Malaysian ringgit edged up as some investors

hoped the government may deliver measures to improve the fiscal

deficit on Friday.

The ringgit, however, gave up most of initial gains due to

dollar demand linked to daily fixing. Leveraged funds also sold

the currency.

The South Korean won earlier hit a near 27-month

high to the dollar. The won turned weaker to fall the most in

two months as foreign exchange authorities were spotted buying

dollars and after an official warning on its appreciation.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0800 GMT

Currency Latest bid Previous day Pct Move

Japan yen 97.39 97.39 +0.00

Sing dlr 1.2381 1.2390 +0.07

Taiwan dlr 29.436 29.425 -0.04

Korean won 1060.49 1055.80 -0.44

Baht 31.16 31.14 -0.08

Peso 43.09 43.11 +0.05

Rupiah 11140.00 11265.00 +1.12

Rupee 61.55 61.59 +0.06

Ringgit 3.1630 3.1680 +0.16

Yuan 6.0834 6.0835 +0.00

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 97.39 86.79 -10.88

Sing dlr 1.2381 1.2219 -1.31

Taiwan dlr 29.436 29.136 -1.02

Korean won 1060.49 1070.60 +0.95

Baht 31.16 30.61 -1.77

Peso 43.09 41.05 -4.73

Rupiah 11140.00 9630.00 -13.55

Rupee 61.55 54.99 -10.66

Ringgit 3.1630 3.0580 -3.32

Yuan 6.0834 6.2303 +2.41

(Reporting by Jongwoo Cheon; Editing by Kim Coghill)

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