Emerging markets: Philippine stocks hit lowest since May 27 as virus curbs hit risk sentiment in Asia

A store manager walks through the fresh produce section in the supermarket at the SM City Bacoor shopping mall in Bacoor, Cavite province, the Philippines, on Thursday, June 3, 2021. Philippines inflation rate rose 4.5% from a year earlier in May, the Philippine Statistics Authority said in a statement on its website. - Bloomberg

MANILA, July 19 (Reuters): Asian stock markets and currencies saw heavy losses on Monday as some countries in the region tightened Covid-19 curbs to tackle a highly contagious Delta variant-fuelled surge of infections that sparked a sell-off in risky assets.

Manila shares slid 1.6%, slumping for a third day after last week's detection of a Delta variant infection spurred extension of stay-at-home orders - it was Philippines' worst show since May 27.