* Graphic: World FX rates http://tmsnrt.rs/2egbfVh
* Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3lKhL5I
* Malaysia's Anwar to hold press conference at 0600 GMT
* Indonesia c.bank expected to stand pat on interest rates
* S. Korean markets dip as coronavirus cases jump
By Shriya Ramakrishnan
Oct 13 (Reuters) - Asia's emerging currencies and stock
markets eased on Tuesday, tracking a weaker yuan and
disappointment over a COVID-19 vaccine trial halt, while
investors eyed political developments in Malaysia and a central
bank decision in Indonesia.
The yuan CNY=CFXS , often a key driver for regional
currency movements, slipped after the central bank set a weaker
than forecast midpoint, pulling the Singapore dollar SGD= , S.
Korean won KRW=KFTC and Indonesia rupiah IDR= lower.
The Taiwan dollar TWD=TP , a consistent outperformer, once
again stood out with gains of nearly 1%.
The Malaysian ringgit MYR= and stocks .KLSE inched
lower, as investors awaited the outcome of opposition leader
Anwar Ibrahim's meeting with the king about his bid to oust
Prime Minister Muhyiddin Yassin and form a new government.
Anwar added a fresh twist to the Southeast Asian nation's
political drama last month after he declared that he had secured
a "formidable" majority from federal lawmakers to form a new
government.
The power struggle comes as the country, already grappling
with an economy battered by the coronavirus, faces a renewed
surge in infections, prompting authorities to impose movement
restrictions in the capital city for two weeks. "How credible is the opposition's threat to topple the
ruling administration is still to be seen," said Prakash Sakpal,
ING's senior economist for Asia.
"Once domestic political anxiety is put to rest and global
oil prices stabilise, MYR may revert to be an Asian
outperformer, the status it enjoyed from June through August
this year."
In Indonesia, the rupiah IDR= was marginally lower and
stocks .JKSE dipped 0.3% ahead of the central bank meeting
later in the day, where it is widely expected to leave its key
rate unchanged at 4% in a bid to prioritise currency stability.
The rupiah, Asia's worst performing currency this year, has
been under pressure due to concerns over a proposed amendment of
the central bank act that could undermine Bank Indonesia's
independence and prolong its debt monetisation operations.
Stock markets across the region were flat to lower, as a
post-holiday rally in Chinese shares .SSEC cooled and Johnson
& Johnson JNJ.N temporarily paused its COVID-19 vaccine
candidate clinical trials due to an unexplained illness in a
study participant. In South Korea, the benchmark KOSPI .KS11 fell 0.3% and
the won slipped as a triple-digit jump in domestic coronavirus
cases weighed on sentiment.
Financial markets in Thailand were closed for a holiday.
HIGHLIGHTS:
** Malaysia's 10-year benchmark yield MY10YT=RR is down
0.6 basis points at 2.704%
** Top losers on FTSE Bursa Malaysia Kl Index .KLSE
include DiGi.Com Bhd DSOM.KL down 1.69% at 4.06 ringgit; MISC
Bhd MISC.KL down 1.43% at 6.89 ringgit
** Top losers on the Jakarta stock index .JKSE include
Gunawan Dianjaya Steel Tbk PT GDST.JK down 6.98% at 80 rupiah;
Sky Energy Indonesia Tbk PT JSKY.JK down 6.92% at 242 rupiah
Asia stock indexes and
currencies at 0425 GMT
COUNTRY FX RIC FX FX INDEX STOCK STOCKS
DAILY YTD % S YTD %
% DAILY
%
Japan JPY= -0.10 +3.04 .N225 0.09 -0.32
China CNY=CFXS -0.09 +3.12 .SSEC -0.28 9.80
India INR=IN 0.00 -2.58 .NSEI 0.22 -1.74
Indonesi IDR= -0.14 -5.58 .JKSE -0.30 -19.39
a
Malaysia MYR= -0.19 -1.47 .KLSE -0.29 -4.70
Philippi PHP= +0.04 +4.30 .PSI 0.02 -24.02
nes
S.Korea KRW=KFTC -0.27 +0.57 .KS11 -0.33 9.01
Singapor SGD= -0.16 -1.09 .STI 0.09 -20.73
e
Taiwan TWD=TP +0.87 +5.05 .TWII -0.41 7.55