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Hands-on for success

Most Asian currencies advance; likely vaccine deal boosts won

BENGALURU (Dec 30): Asia s emerging currencies were broadly firmer against a soft dollar on Wednesday, with the South Korean won at a near three-week high after the government looked set to buy COVID-19 vaccines for most of its population. Singapore s dollar, the ringgit and the Indonesia s rupiah gained between 0.2% and 0.3% as the greenback hit an almost two-year low, continuing its steady decline since U.S. President Donald Trump signed a coronavirus aid bill on Sunday. The won climbed 0.5% after U.S. biotech company Moderna Inc said on Tuesday it was in discussions with Seoul to supply 40 million or more doses of its COVID-19 vaccine. The news came a day after South Korea, which has a population of 52 million, detected its first cases of the new coronavirus variant.

SET keeps eye on surging Delta Electronics shares

SET keeps eye on surging Delta Electronics shares Firm attributes gain to right strategy published : 29 Dec 2020 at 07:11 16 The Stock Exchange of Thailand (SET) is closely monitoring the volatility of Delta Electronics Thailand s shares, which have surged 250% in one month, 400% in three months and 1,400% in a year. The SET is keeping an eye on shares with low free float and small supply that have increased exponentially in value over the past year. In one day, Delta shares reached an all-time high of 838 baht, up 22% in the morning before dropping an hour before the market closed to end the day at 560 baht, down 18.1% from the previous day, in trade worth 12.2 million baht.

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