Thai baht outperforms Asian currency peers on Fed's dovish turn

Shanghai leads stock index gainers during first half

20190701 baht notes

The appreciation of Thai baht was largely supported by the opposing monetary stances of Thai and U.S. central banks. © Reuters

MASAYUKI YUDA, Nikkei staff writer

BANGKOK -- Most major Asian currencies and stock indexes gained in the first half of 2019 despite the U.S.-China trade war and elections across the region, with the Thai baht leading its peers in performance.

In equity markets, the Shanghai Stock Exchange Composite Index climbed the most among Asian benchmarks.

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