EM ASIA FX-Rupiah leads SE Asia FX slides; China survey lifts won, Taiwan dlr

Reuters

(Updates prices. For midday report, double-click

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SINGAPORE, Sept 23 (Reuters) - The Indonesian rupiah led

slides among Southeast Asian currencies on Monday on renewed

worries that the Federal Reserve will soon cut its stimulus,

while the South Korean won and the Taiwan dollar rose on a

strong China factory survey.

The rupiah lost as much as 1.4 percent to 11,500 per

dollar, near the 11,520 level hit on Sept. 12, which was the

weakest since April 2009.

Dollar demand from local companies for month-end payments

put pressure on the rupiah, and traders said they spotted the

central bank providing dollars.

The Malaysian ringgit fell on stop-loss selling

especially after it weakened past 3.1800 per dollar, traders

said.

But the South Korean won and the Taiwan dollar

hit multi-month highs as growth in China's factory

sector accelerated to a six-month high in September, a

preliminary survey showed, adding to signs of a tentative

turnaround in the world's second-largest economy.

The won rose as much as 1.0 percent to 1,073.7 per dollar,

its strongest since Jan. 25, on sustained stock inflows and

exporters' demand for month-end settlements.

The Taiwan dollar also advanced, up to 0.8 percent to 29.505

against the U.S. currency, its strongest since May 10 on demand

from foreign financial institutions and exporters.

Still, upside in those currencies was limited by the

intervention of foreign exchange authorities, traders said.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0844 GMT

Currency Latest bid Previous day Pct Move

Japan yen 98.95 99.31 +0.36

Sing dlr 1.2509 1.2523 +0.11

Taiwan dlr 29.586 29.752 +0.56

Korean won 1073.44 1084.10 +0.99

Baht 31.18 30.95 -0.75

Peso 43.27 43.06 -0.49

Rupiah 11470.00 11340.00 -1.13

Rupee 62.61 62.23 -0.61

Ringgit 3.1960 3.1645 -0.99

Yuan 6.1210 6.1212 +0.00

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 98.95 86.79 -12.29

Sing dlr 1.2509 1.2219 -2.32

Taiwan dlr 29.586 29.136 -1.52

Korean won 1073.44 1070.60 -0.26

Baht 31.18 30.61 -1.83

Peso 43.27 41.05 -5.12

Rupiah 11470.00 9630.00 -16.04

Rupee 62.61 54.99 -12.17

Ringgit 3.1960 3.0580 -4.32

Yuan 6.1210 6.2303 +1.79

(Reporting by Jongwoo Cheon; Editing by Richard Borsuk)

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