Malaysia shares climb more than 1%
State of emergency, lockdowns to be better implemented, less harmful on economy – analysts
Indonesia launches vaccination drive; shares rise
Jan 13 (Reuters) – Malaysian shares rebounded on Wednesday after two sessions in the red as investors looked past new COVID-19 curbs in the country, while Asia’s emerging currencies regained footing as the dollar nursed losses.
Stocks in Taiwan .TWII, Thailand .SETI and Malaysia .KLSE climbed more than 1%, while gains elsewhere in Asia were more modest and Shanghai’s Composite index .SSEC dipped 0.4%. China reported the biggest daily jump in COVID-19 cases in more than five months with four cities in lockdown.
Analysts reckon Malaysia’s nationwide state of emergency announced on Tuesday to combat rising infections cases may improve the implementation of measures, while also reducing political risks to a government facing a power struggle.
“We think the impact of the