Markets & Finance News

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=JPGDPAP GDP poll data

DBS Group said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.

The Australian and New Zealand dollars were nursing steep losses for the week on Friday as failures to sustain breaks to upside risked a purge of long positions by disappointed bulls.

Round-up of South Korean financial markets: ** South Korean shares bounced back on Friday, tracking an overnight rebound in Wall Street as investors shrugged off inflation worries, but the benchmark stock index was set for its sharpest weekly decline in near three months. Both the won and the benchmark bond yield fell. ** The KOSPI rose 20.64 points, or 0.66%, to 3,142.75 as of 0219 GMT, snapping a three-day losing streak. ** But it is set to post its third weekly decline in four and its sharpest fall since the last week of February. It gained 1.57% in the previous week. ** "It's a technical rebound as investors took advantage from cheap prices (due to recent declines). Inflation worries were a bit excessive," said Lee Won, analyst at Bookook Securities. ** Investors are now awaiting retail sales data from the United States and China, he added. ** Among the heavyweights, chip giants Samsung Electronics and SK Hynix rose 1.78% and 0.85%, respectively, while LG Chem and Naver added 0.35% and 1.19%. ** Foreigners were net sellers of 313.1 billion won ($277.23 million) worth of shares on the main board. ** The won was quoted at 1,129.8 per dollar on the onshore settlement platform , 0.04% lower than its previous close at 1,129.3. ** In offshore trading, the won was quoted at 1,129.6 per dollar, down 0.3% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,129.2. ** In money and debt markets, June futures on three-year treasury bonds rose 0.01 points to 110.93. ** The most liquid 3-year Korean treasury bond yield fell by 0.2 basis points to 1.122%, while the benchmark 10-year yield fell by 0.6 basis points to 2.150%. ($1 = 1,129.3700 won) (Reporting by Joori Roh; Additional reporting by Jihoon Lee; Editing by Rashmi Aich)

* Bitcoin headed for losing week as Tesla reneges on accepting it

Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic recovery.

Japanese stocks reclaimed lost ground on Friday after three consecutive days of losses, as a rebound in Wall Street and positive corporate earnings lured buyers back to the markets.

The following table shows rates for Asian currencies against the dollar at 0154 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 109.600 109.45 -0.14 Sing dlr 1.334 1.3332 -0.07 Taiwan dlr 27.956 27.996 +0.14 Korean won 1129.800 1129.3 -0.04 Baht 31.320 31.35 +0.10 Peso 47.795 47.82 +0.05 Rupee 73.418 73.4175 0.00 Yuan 6.446 6.4544 +0.13 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 109.600 103.24 -5.80 Sing dlr 1.334 1.3209 -0.99 Taiwan dlr 27.956 28.483 +1.89 Korean won 1129.800 1086.20 -3.86 Baht 31.320 29.96 -4.34 Peso 47.795 48.01 +0.45 Rupiah 14195.000 14040 -1.09 Rupee 73.418 73.07 -0.48 Ringgit 4.123 4.0200 -2.50 Yuan 6.446 6.5283 +1.28 (Reporting by Soumyajit Saha in Bengaluru; Editing by Subhranshu Sahu)

* Bitcoin near 2 1/2-month on Tesla about-face, Binance probe

* Tesla will retain bitcoin holdings (Add Musk tweet on dogecoin, closing Tesla share prices)