PHNOM PENH: The CSX Index is currently at 505.70 Points down 0.97 Points or 0.19%
The Daily Exchange Rate: is 4,061 KHR to the USD$
Now a look what else is happing in finance around the world.
FOREIGNERS PULL OUT OF ASIAN EQUITIES FOR FIFTH STRAIGHT MONTH IN MAY.
Asian equities continued to witness foreign outflows for a fifth consecutive month in May, hit by concerns over monetary tightening measures by major central banks and supply chain disruptions due to strict lockdowns in China.
Overseas investors withdrew $3.69 billion out of Asian equities, data from stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia and Thailand showed. However, the outflows were the smallest in the last five months.
Foreigners offloaded Indian equities worth $5.18 billion, the biggest amount since March 2020, amid concerns over a weakening rupee and rising oil prices.
Indian rupee hit a record low against the dollar and the country's inflation levels also jumped to multi-year highs.
Indonesian and Philippine equities also witnessed some outflows.
However, Taiwan, Thailand and South Korea received inflows worth $819 million, $611 million and $168 million, respectively.
Some analysts said regional equities are relatively more resilient this time, despite aggressive selling by foreigners, as their central banks possess strong foreign reserves and economies have better economic fundamentals.
Alex Loo, strategist at TD Securities, expects limited downside for further equity outflows this year.
"Asia equities gained after quantitative tightening in 2017, tracking the rise in US equities (S&P 500) which likely supported equity inflows in 2017."
DOLLAR WAVERS AS TRADERS AWAIT U.S. JOBS UPDATE
SINGAPORE, June 3 - The dollar wobbled toward its first steady week in three on Friday as traders looked to U.S. jobs data for clues as to how far and fast the Federal Reserve might raise interest rates.
Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that.
The dollar rose through the early part of the week on nerves that record high inflation in Europe was a harbinger of sharply higher rates everywhere. But it fell on Thursday and stocks rallied as mixed U.S. economic data muddied the outlook.
The dollar was nursing those losses on Friday and sat at $1.0750 per euro , flat for the week, and 129.85 yen , a gain of about 2%.
Asia trade was thinned by holidays in China and Hong Kong, and a holiday in Britain is likely to further lighten things while traders wait for U.S. employment data at 1230 GMT.
Low volume exaggerated a jump in the offshore yuan, which was last up about 0.3% at 6.6329 per dollar .
"Equity markets are pushing higher," said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "I think the equity market is effectively the horse and the dollar in this case is the cart."
The S&P 500 index (.SPX) rose 1.8% on Thursday.
The risk-sensitive Australian and New Zealand dollars each made multi-week highs and look set for weekly gains. Having broken resistance at $0.72, the Aussie is garnering support ahead of an expected rate rise next week.
The dollar index was flat at 101.76 through the Asia session and is very marginally higher on the week - pausing a decline following two consecutive weekly losses of more than 1%.
The yen has been kept under pressure by super-low interest rates in Japan and little chance of them following the rest of the world higher, responsible for its weekly loss.
Sterling held gains at $1.2569. In cryptocurrencies bitcoin hovered around $30,000
