Rupiah Weakens, Thai Stocks Fall After Indonesian Quake

Indonesia’s rupiah fell to its lowest level in almost three weeks and Thai stocks slumped after northwestern Indonesia was hit by a magnitude 8.7 earthquake that prompted tsunami warnings across parts of Asia.

Indonesia’s rupiah weakened 0.2 percent to 9,205 per dollar after strengthening 0.4 percent before the quake. It touched 9,208, the weakest level since March 23. Thailand’s benchmark SET Index sank 1 percent to a one-month low of 1,154.49. Tin for delivery in three months in London gained 0.1 percent to $22,773 a metric ton, after falling 1.4 percent today, on speculation output from Indonesia, the world’s largest exporter, will be disrupted.