Emerging markets: Thai baht rises more than 1% but other Asian currencies subdued

3430069

BANGKOK, Oct 12 (Reuters): While most Asian currencies were subdued on Tuesday, Thailand's baht gained more than 1% to scale an over two-week peak after the government eased quarantine rules for visitors from low-risk countries in a bid to revive its key tourism sector.

Among other currencies, South Korea's won slipped 0.5% to hit its lowest level in more than a year, and equities lost nearly 2% to touch their lowest level this year, even as the central bank kept the benchmark interest rate unchanged.