Emerging markets: Thai baht drop 0.5% as Asian currencies slip on Shanghai lockdown, bond selloff

Thai baht image from The Nation Thailand/ANN

SINGAPORE, March 28 (Reuters): All Asian currencies retreated on Monday after China's financial hub of Shanghai went into a lockdown, while a steady selloff in US Treasuries pressured emerging bond markets.

Shanghai imposed a two-phased lockdown on Sunday in a bid to contain new Covid-19 infections that have been spreading through the city for nearly a month, disrupting life and business activities.