Emerging markets: Indonesia stocks fall 2% on virus surge, yields hit two-month high


A woman receives a shot of Sinovac Covid-19 vaccine during a mass vaccination at Putri Hijau Military Hospital in Medan, North Sumatra, Indonesia, Friday, June 18, 2021. Indonesia's president ordered authorities to speed up the country's vaccination campaign as the World Health Organization warned of the need to increase social restrictions in the country amid a fresh surge of coronavirus infections caused by worrisome variants. - AP

JAKARTA, June 18 (Reuters): Indonesian stocks slid nearly 2% and the rupiah weakened on Friday as surging Covid-19 cases sapped risk appetite and squashed hopes that the central bank's accommodative stance would allow equity markets to recover.

South Korea's won fell for the fifth consecutive day in its worst week since March 2020, while other regional currencies were mixed, as investors further digested the US Federal Reserve's hawkish signals this week.

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