Ringgit, Indonesian rupiah lead Asian FX higher; stocks tepid

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The story "Ringgit, Indonesian rupiah lead Asian FX higher; stocks tepid" was covered 2 hours ago by The Star, a news publisher based in Malaysia.

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The Star 2h ago

Ringgit, Indonesian rupiah lead Asian FX higher; stocks tepid - The Star

Quick Summary:

THE Malaysian ringgit and Indonesia's rupiah led gains in Asian currencies on Thursday, while most equity markets in the region were tepid as a rebound rally fizzled out, with Taiwan and South Korea falling the most due to a tech sell-off.

The Philippine peso gained 0.7% after data showed that the domestic economy expanded slightly faster than expected in the second quarter.

In Thailand, the Constitutional Court on Wednesday ordered the dissolution of anti-establishment opposition party Move Forward, which won the most seats in the 2023 election.