EMERGING MARKETS-Thai baht, shares fall ahead of BoT review; Indian stocks firm

By Reuters2 days ago

By Anushka Trivedi

May 5 (Reuters) - The Thai baht eased while shares tumbled almost 2% ahead of the central bank's policy review on Wednesday, while Indian equities jumped as the country's central bank announced measures for lenders and small businesses amid a devastating COVID-19 wave.

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In a data-packed day for Asia, most currencies traded flat to higher against the U.S. dollar, while Philippines .PSI and Singapore shares .STI slid and Taiwan's .TWII were up 0.5%.

Trading volumes were thin due to holidays in major finance hubs China and Japan.

The baht THB=TH fell 0.2% and shares .SETI declined to their worst day in three-months on resuming trade after holidays this week as the trade-and-tourism-reliant economy battles a deadly wave of COVID-19 infections.

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