Oct 11 (Reuters) - Philippine shares soared nearly 4% on
Monday as easing coronavirus restrictions boosted real estate
and consumer firms,  while stocks in Malaysia and India added
about half a percent each.
    Currencies in the region edged higher, with the Malaysian
ringgit and Singapore dollar rising on travel curb relaxations,
while the Philippine peso weakened 0.4% to mark its
second straight day of losses.
    The ringgit scaled a near one-month peak and equities
 advanced for a fifth consecutive day after the
government lifted interstate and international travel
restrictions from Monday.
    The Singapore dollar firmed 0.2% to its highest in
two weeks, while equities touched a near two-month peak
after the government opened its borders to more countries for
quarantine-free travel.
    Investors will be watching out for Singapore's advanced
third-quarter economic growth data expected later in the week.
Analysts at OCBC Bank expect a moderation from second-quarter's
14.7% year-on-year growth.
    The Monetary Authority of Singapore is likely to keep its
monetary policy settings unchanged at this juncture, but may
signal a need for recalibration in 2022, the analysts said in a
note.
    A Reuters poll showed the city-state's third-quarter
preliminary growth will be 6.6% on year.
    Meanwhile, a soft U.S. payrolls figure last week did little
to alter market expectations of a tapering of bond purchases by
the U.S. Federal Reserve, pressuring risk-sensitive Asian
markets as the U.S. dollar firmed and Treasury yields jumped.

    In India, the rupee slipped 0.2%, hovering near its
late-April lows after the Reserve Bank of India (RBI) last week
kept interest rates steady at record lows and reiterated the
need to unwind pandemic-era stimulus.
    "The RBI will have to exhaust and expertly manipulate its
suite of tools led by liquidity if it were to pre-empt a more
serious sell-down in the India rupee," analysts at Mizuho Bank
said in a note on Monday.
    Investors now wait for India's September inflation data on
Tuesday. A Reuters poll of economists expect an easing in retail
inflation as moderating food prices offset a surge in the cost
of crude oil and fuel.
    Philippine stocks surged 3.8% to their highest since
late January, with real estate and consumer firms boosting the
benchmark. Real estate conglomerate Ayala Land jumped
6.4% after announcing an issue of fixed-rate bonds to raise up
to 2.75 billion pesos.
    Markets in South Korea, and Taiwan
 were closed for a holiday.
    
    
    HIGHLIGHTS:    
    ** Indonesian 10-year benchmark yields edges higher to
6.357%
    ** India says it has ample coal stocks for power sector -

    ** China's Shanghai Composite Index rises as much as
0.6% to 3,614.70
    ** Malaysia end-Sept palm oil stocks drop 7% to 1.75 mln T -
MPOB -

    
  Asia stock indexes and                            
 currencies at   0600 GMT                      
 COUNTRY  FX RIC        FX    FX  INDE  STOCK  STOCK
                     DAILY   YTD     X      S  S YTD
                         %     %        DAILY      %
                                            %  
 Japan               -0.44  -8.4  <.N2  1.45   3.68
                               1  25>          
 China    <CNY=CFX   +0.13  +1.4  <.SS   0.21   3.64
          S>                   4  EC>          
 India               -0.18  -2.7  <.NS   0.67  28.84
                               4  EI>          
 Indones             +0.07  -1.2  <.JK  -0.30   8.08
 ia                            0  SE>          
 Malaysi             +0.19  -3.5  <.KL   0.59  -3.32
 a                             5  SE>          
 Philipp             -0.20  -5.1  <.PS   3.14  -0.22
 ines                          9  I>           
 Singapo             +0.13  -2.4  <.ST   0.18   9.65
 re                            0  I>           
 Thailan             +0.15  -11.  <.SE  -0.30  12.78
 d                            36  TI>    

SOURCE : https://www.reuters.com/article/emerging-markets-asia/emerging-markets-philippine-shares-soar-malaysian-ringgit-rises-on-easing-travel-curbs-idUSL4N2R716Q