(Bloomberg) -- Southeast Asian currencies such as
the Philippine peso and the Malaysian ringgit fell on speculation
overseas investors cut holdings of emerging-market assets,
preferring safer securities after U.S. stocks dropped.
The peso snapped a three-day rally, the biggest loser today
among 10 of the most-active Asian currencies, and the ringgit
declined the most since July 3 as regional equity markets slumped.
The Morgan Stanley Capital International Asia-Pacific Index of
shares lost 0.8 percent, the most since June 27.
Read more at Bloomberg Currencies News
the Philippine peso and the Malaysian ringgit fell on speculation
overseas investors cut holdings of emerging-market assets,
preferring safer securities after U.S. stocks dropped.
The peso snapped a three-day rally, the biggest loser today
among 10 of the most-active Asian currencies, and the ringgit
declined the most since July 3 as regional equity markets slumped.
The Morgan Stanley Capital International Asia-Pacific Index of
shares lost 0.8 percent, the most since June 27.
Read more at Bloomberg Currencies News
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