Asian FX Bloodbath Re-ignites; Stocks/Bonds All Sliding

Tyler Durden's picture

After a brief and hopeful respite, the Indonesian Rupiah has collapsed by 3.9% in the evening's session - the biggest drop in 5 years. A close second is the Indian Rupee which has colapsed back from its best day in 11 months with a 1.5% plunge. EM bonds are being sold with India and Indonesia leading the way along with Thailand which just joined the bear-market crowd in equity land as its stock market is down 20% from May highs (down 9 days in a row - the most since 1998). Stock markets are all lower with India (banks -2.5% today and 35% from highs) and Philippines worst. Gold remains 'held' under $1400 as the USD (Asian Index) jumps to its highest in 14 months. Treasuries are modestly bid overnight (and US equity futures down slightly). Elsewhere, the Turkish Lira just hit a fresh record low against the EUR and India, Indonesia, Thailand, Malaysia, and Philippines stocks are all down over 12% Quarter-to-date in USD terms.

 

The Rupiah is the biggest disaster as capital floods out of Indonesia...

 

and the Indonesia stock market collapses...

 

and Thailand's SET Stock Index drops 20% from its May highs...

 

and India banks are getting crushed again...

 

as the USD surges against Asian FX markets...

 

But there is 'red' everywhere across Asia tonight...

 

Meanwhile, The Turkish Lira hits fresh all-time lows against the EUR...

 

Charts: Bloomberg