HONG KONG: The Indonesian rupiah and Malaysian ringgit led an emerging market currency surge against the dollar in Asia on Thursday, while stock markets also rallied after more weak US data fuelled hopes the Federal Reserve will delay an interest rate hike.
High-yielding, or riskier, assets snapped back after a two-day sell-off that came on the back of renewed concerns that China’s economic growth crisis will seep through to other countries.
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