Most Asian currencies, stocks start 2024 on the back foot, key economic data in focus – Markets

Most Asian currencies and stocks started the year on the back foot, with the South Korean won retreating the most, ahead of economic data from the United States and Asia during the week expected to provide clarity on the outlook of interest rates.

The South Korean won retreated 1.1% while the Indonesian rupiah depreciated 0.5%.

Equities in Taiwan , which rose nearly 27% in 2023 and posted…