21. On Friday, the Indonesian rupiah, the Thai baht and the Philippine peso all plunged to historical lows as investors pulled their funds out of Asia. 22. Only the Hong Kong dollar, the Indonesian rupiah and the Philippine peso failed to appreciate against the U.S. dollar. 23. Other currencies, including the Philippine peso and the Indonesian rupiah, also fell on concern about their economies and financial markets. 24. Other currencies, including the Philippine peso, Malaysian ringgit, and the Indonesian rupiah, came under assault and were cut loose from their links to the dollar. 25. Other Southeast Asian currency futures that will trade on the exchange are the Malaysian ringgit, Indonesian rupiah and the Thai baht. 26. Peregrine ran into trouble after a plunge in the Indonesian rupiah made it all but impossible for Indonesian companies to repay their U.S. dollar loans. 27. Shares also rose as the Indonesian rupiah strengthened against the U.S. dollar. 28. Since then, other currencies, such as the Philippine peso and Indonesian rupiah lost ground against the dollar because of selling pressure from foreign-exchange traders. 29. SINGAPORE stocks fell for the second day, led by property and banking stocks, as the plunging Indonesian rupiah continued to depress investor confidence. 30. Significant declines in Southeast Asian currencies, including the Indonesian rupiah, the Malaysian ringgit and the Thai baht, signal worse times are ahead. |