Bloomberg Indonesian stocks snapped a two-day winning streak as investors remained wary about rising Covid-19 cases domestically and globally. The Jakarta Composite Index fell 2.9% on Monday, taking the monthly decline to most since October 2008. The benchmark gauge hit a 5% circuit breaker, triggering the first trading halt since the Indonesia Stock Exchange implemented a shorter operational schedule. Indonesian …

Bloomberg Morgan Stanley and Goldman Sachs Group Inc. were granted approvals to take control of their securities joint ventures in China as policy makers push ahead with the opening of the nation’s $45 trillion finance industry even as they fight to contain the coronavirus outbreak. Morgan Stanley plans to boost its stake to 51% from 49% with the approval from …

Bloomberg The Bank of Korea (BOK) will provide $12 billion to banks in its first round of dollar injections using a currency swap line with the Federal Reserve. The auction will be held on Tuesday at 10 am Seoul time, and banks may apply for seven-days debt of up to $300 million, and 84-days debt of up to $1.5 billion, …