EMERGING MARKETS-S.Korean stocks rise on tech rally, lead Asian gains

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    * S.Korean stocks set for best day since Nov. 2
    * Malaysia's economy shrinks 4.5% in Q3
    * Singapore Airlines falls 1.7% after qtly loss

    By Arundhati Dutta
    Nov 12 (Businesshala) - South Korean stocks firmed the most in Asia on Friday, as
the technology sector tracked gains in U.S. semiconductor stocks and investors
nurtured hopes that China was scaling back regulatory clampdowns.
    Seoul equities climbed 1.4% and were set for their best day in over
a week, while neighbouring Taiwan's tech-heavy stock bourse also
advanced as much as 0.9%. 
    "Asian benchmark stock indices that have a higher weightage in tech-related
stocks are outperforming today... likely due to the outperformance in the U.S.
semiconductor stocks," said Kelvin Wong, an analyst at CMC markets.
    The Philadelphia SE Semiconductor index added 1.9% overnight to drive
most of the gains on Wall Street after a heavy selloff in the previous session.
  
    "Also, stringent regulatory clampdowns on China Big Tech have started to
tone down," Wong added, referring to reports that Didi Global will
relaunch its ride-hailing and other apps in China by the end of 2021 in
anticipation that Beijing's probe into the firm will be wrapped up by then.

    Investors were also relieved after cash-strapped developer China Evergrande
Group again avoided a default here
 with a last minute payment, alleviating fears of an accelerated collapse of
China's property sector that would have widespread ramifications in emerging
Asia. 
    In Malaysia, the stock benchmark gained 0.6%, even as data showed
the country's economy shrunk more than expected in the third quarter.

    "With international and interstate travel allowed to resume in October,
along with dine-in and other domestic services, the economy is set for a smart,
redeeming rebound in fourth-quarter," Mizuho Bank analysts said in a note. 
    Singapore shares edged lower, with transport firm Comfortdelgro
 the top loser for a second day in a row after it halted plans for an
initial public offering of its Australian unit.
    Singapore Airlines, down 1.7%, also weighed on the benchmark after
it posted a loss in the second quarter. 
    Currency markets in the region were mixed, with the Singapore dollar
and the Japanese yen weakening over 0.1% as the dollar hit a 16-month
high on inflation fears.
    
    HIGHLIGHTS:
    ** Indonesian 10-year benchmark yields are up 3 basis points at 6.201%​
    ** Malaysia's 10-year benchmark yield is up 0.6 basis points at 3.569%​​ 
    ** Chipmakers Silergy Corp & Alchip Technologies lift
Taiwan benchmark with around 5% jump, each
    
  Asia stock indexes and currencies at   0427                                        
 GMT                                                                      
 COUNTRY      FX RIC       FX DAILY %  FX YTD %    INDEX  STOCKS DAILY %   STOCKS YTD
                                                                                    %
 Japan                          -0.18     -9.64                     1.02         7.77
 China                          -0.10     +2.06                    -0.01         1.71
 India                          +0.00     -1.94                     0.49        28.46
 Indonesia                      +0.11     -1.44                    -0.31        11.57
 Malaysia                       -0.01     -3.52                     0.55        -6.15
 Philippines                    -0.11     -4.14                     0.44         3.14
 S.Korea                        +0.07     -7.95                     1.43         3.25
 Singapore                      -0.11     -2.56                    -0.01        13.85
 Taiwan                         +0.02     +2.33                     0.25        18.76
 Thailand                       +0.15     -8.71                     0.08        12.73
 

 (Reporting by Arundhati Dutta in Bengaluru; editing by Richard Pullin)
  
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