Asian shares, currencies tread lower; Indian shares drop as cases spike | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
July 22, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JULY 22, 2025
Asian shares, currencies tread lower; Indian shares drop as cases spike

Global Economy

Reuters
05 April, 2021, 12:30 pm
Last modified: 05 April, 2021, 12:41 pm

Related News

  • Asia shares struggle, dollar soars on lowered Fed rate cut bets
  • Asian shares rise, dollar strengthens ahead of US earnings; JGB yields surge
  • Stocks slip in Asia on US tariff confusion, oil skids
  • Asian stocks waver, dollar sags under weight of Trump tariffs, Fed uncertainty
  • Asian markets mixed after US stocks hit record

Asian shares, currencies tread lower; Indian shares drop as cases spike

Markets in Australia, Hong Kong, Taiwan and Asian powerhouse China were closed

Reuters
05 April, 2021, 12:30 pm
Last modified: 05 April, 2021, 12:41 pm
Asian shares, currencies tread lower; Indian shares drop as cases spike

Asia's emerging stock and currency markets were trending lower on Monday in holiday-thinned trade as strong US jobs data raised worries the Federal Reserve may hike interest rates sooner than it has indicated. 

Indian shares fell the most, down 0.8%, as the number of new daily Covid-19 cases surpassed 100,000 for the first time, while in Indonesia losses added up to less than half a percent. 

Markets in Australia, Hong Kong, Taiwan and Asian powerhouse China were closed.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"With Europe on holiday today, volumes will rapidly taper this afternoon in Asia," said Jeffrey Halley, a senior Asia Pacific market analyst at OANDA. 

The dollar was steady on Monday and 10-year Treasury yields were off last week's 14-month peak even as the US economy created more jobs than expected in March. Reaction to the data on Friday was scant. 

The prospects of a return to a full employment is raising questions about whether the Fed can stick to its pledge to keep interest rates steady through 2023. The market has fully priced in one rate hike by the end of next year.

A rate hike could narrow the rate differential between Asia's high-yielders and US Treasuries. Minutes of the Fed's March meeting will be release on Wednesday. 

The rupiah was 0.1% firmer on the dollar, with benchmark 10-year bond yields at their lowest level in around three weeks. 

In comments late on Thursday, a senior Bank Indonesia deputy governor said the central bank has room to cut its key policy rates due to low inflation, which slowed in March to 1.37%, the lowest annual rate since August.

Bank Indonesia left its key policy rate at a record low of 3.50% last month to starve off capital outflows and protect the rupiah, which fell around 2% in March.

In India, the rapid rise in Covid-19 infections has sparked concerns states may impose further restrictions that could harm the country's economic recovery.

The Reserve Bank of India (RBI) ends its two-day meeting on Wednesday. Analysts at Barclays expect the market to focus on the RBI's guidance, given rates are likely to be left unchanged.

"A relatively dovish guidance and/or OMO (open market operation) purchases/twist operations could trigger a rally in fixed income markets," the Barclays analysts said. 

Top News / World+Biz

Global stocks / Global Stock Market / Asian shares / Asian stocks / Asian Stock Market / Share markets

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Syed Zakir Hossain/TBS
    Law enforcers use tear shells, sound grenades to disperse protesters in front of Secretariat
  • Photo: Mehedi Hasan/TBS
    Milestone plane crash: Aggrieved nation left with questions as citizens rally to help
  • Siddique Zobair. Photo: Collected
    Education ministry senior secretary removed from post: Adviser Mahfuj

MOST VIEWED

  • Training aircraft crashes at the Diabari campus of Milestone College on 21 July 2025. Photo: Courtesy
    BAF jet crash at Milestone school: At least 20 including children, pilot dead; 171 hospitalised
  • Flight Lieutenant Md Towkir Islam. Photo: Collected
    Pilot tried to avoid disaster by steering crashing jet away from populated area: ISPR
  • An idle luxury: Built at a cost of Tk450 crore, this rest house near Parki Beach in Anwara upazila has stood unused for six months. Perched on the southern bank of the Karnaphuli, the facility now awaits a private lease as the Bridge Division seeks to put it to use. Photo: Md Minhaz Uddin
    Karnaphuli Tunnel’s service area holds tourism promises, but tall order ahead
  • Bangladesh declares one-day state mourning following plane crash on school campus
    Bangladesh declares one-day state mourning following plane crash on school campus
  • 91-day treasury bills rate falls 1.13 percentage points to 10.45% in a week
    91-day treasury bills rate falls 1.13 percentage points to 10.45% in a week
  • Air Force F-7 BJI training aircraft crashes at Milestone College in Uttara
    Air Force F-7 BJI training aircraft crashes at Milestone College in Uttara

Related News

  • Asia shares struggle, dollar soars on lowered Fed rate cut bets
  • Asian shares rise, dollar strengthens ahead of US earnings; JGB yields surge
  • Stocks slip in Asia on US tariff confusion, oil skids
  • Asian stocks waver, dollar sags under weight of Trump tariffs, Fed uncertainty
  • Asian markets mixed after US stocks hit record

Features

Photo: Mehedi Hasan/TBS

Milestone plane crash: Aggrieved nation left with questions as citizens rally to help

1h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

18h | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Despite poor accommodation, Ghagra’s women footballers bring home laurels

1d | Panorama
Photos: Collected

Water-resistant footwear: A splash of style in every step

2d | Brands

More Videos from TBS

Doctors, nurses arriving from Singapore tonight to provide treatment for burn victims

Doctors, nurses arriving from Singapore tonight to provide treatment for burn victims

12m | Videos
Students demand resignation of advisor and secretary

Students demand resignation of advisor and secretary

42m | TBS Today
Transgender people step up once again to donate blood for Milestone plane crash victims

Transgender people step up once again to donate blood for Milestone plane crash victims

47m | TBS Today
Thursday exams will not be held after July 22

Thursday exams will not be held after July 22

1h | TBS News Updates
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net