Emerging markets: Worries in Indonesia of a surge in cases after holidays as rupiah dips 1%; Taiwan shares surge nearly 5%

Motorists commute on a highway during the afternoon rush hour in Jakarta. - Reuters

JAKARTA, May 18 (Reuters): Battered stocks markets in Taiwan and Singapore jumped on Tuesday, shrugging off fears over the impact of renewed coronavirus restrictions, while a weaker US dollar lent support to Asia's emerging currencies.

Taiwan recouped Monday's sharp loss, rising nearly 5% while neighbouring Japan, suffering from its own spike in cases and slow vaccination drive, jumped 2%. Stocks in South Korea and Singapore were also up over 1%.