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Emerging assets rise as won climbs

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Jakarta - Emerging market assets rose after US data last week indicated the labour market is settling into a pace that will support the world’s largest economy. Mexico’s peso pared gains after Donald Trump and Hillary Clinton sparred in their second US presidential debate.

The MSCI Emerging Markets Currency Index rose 0.1% as of 08:39 after US Labour Department figures Friday showed payrolls climbed by 156 000, following a 167 000 rise in August that was more than previously estimated.

South Korea’s won was poised for its biggest gain in almost two weeks. Thailand’s baht headed for the longest stretch of losses this year and prices for the nation’s debt declined after the royal palace said the king’s condition was unstable. The rand strengthened 0.7%.

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