Taiwan stocks jump on local vaccine

Taiwan stocks soared over 2 per cent on Monday, as the island rolled out its first locally developed Covid-19 vaccine, while Indonesian rupiah led gains across Asia on hopes that Covid-19 curbs in its capital Jakarta would not be extended. Currency markets strengthened after Dallas Federal Reserve President Robert Kaplan, among the US central bank's most forceful supporters for starting to reduce support for the economy, said on Friday he may need to adjust that view if the Delta variant slows economic growth materially.