EMERGING MARKETS-Indonesia leads reflation bounce as dollar gains hit currencies

Japanese chipmaker Kioxia abandons IPO plan as China-U.S. Tensions rise: Nikkei Business

* Philippine shares strike around 1-yr higher as expansion hopes dominate
* Indonesia shares contact Sept 2019 large
* Malaysia shares slide forward of COVID-19 curbs announcement

By Nikhil Nainan
Jan 11 (Reuters) – Indonesia led gains for a handful of Asian stock marketplaces
on Monday, buoyed by hopes of a reflationary carry for economies throughout the
region in the months in advance, while Malaysian shares sank in advance of the
announcement of clean coronavirus curbs.
Climbing as significantly as 1.8%, shares in Jakarta strike their best considering the fact that
September 2019 as the prospect of more U.S. fiscal stimulus extra to hopes
for a area which has so far ridden out a yr of disaster much better than lots of
western peers.
Democrats victory in Senate elections past 7 days have flipped buyers
globally back in the direction of trades that bet on a bounce in prices and development this
12 months, ordinarily performs that will reward more quickly-growing and riskier rising
marketplaces.
“The world wide reflation concept need to be dominant…
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