CORRECTED-EM ASIA FX-Trade in a range as doubts persist over coronavirus response measures

By Anushka Trivedi

(Corrects name of analyst and bank in paragraph 3) * Indonesia reports first death from COVID-19 * Coronavirus cases jump in S. Korea * Malaysian ringgit gains after losing for 3 sessions By Anushka Trivedi March 11 (Reuters) - Indonesia's rupiah fell on Wednesday after the country reported its first coronavirus-related death, while other Asian currencies traded in a thin range due to the uncertainty over proposed government measures to limit the economic impact of the epidemic. The market has been hoping for concrete details of U.S. President Donald Trump's promise for "very major" stimulus moves, but the lack of an announcement has left investors hanging. "This could set the direction of risk appetite, and thus Asian currencies, in the short-term. Markets are trading day by day, assessing the severity and spread of COVID-19 globally," said Wei Liang Chang, a macro strategist at DBS Bank. The dollar fell more than 1% against the safe-haven yen . In Indonesia, the central bank governor said the outlook for economic growth this year could be lowered when it holds its policy meeting next week. The rupiah dropped 0.3% after the country confirmed its first death due to the virus. The government had also pledged fiscal support to help stimulate the economy, but economists questioned how much additional spending could be provided, given weak revenue collection so far this year. "It is imperative that policy-makers collaborate to roll out coordinated measures that are emphatic; leaving no doubts about the constructive solidarity of the global response," Mizuho bank analysts said in a client note. Financial markets took a pounding on Monday after Saudi Arabia and Russia's price war triggered an oil price crash and deepened the gash caused by the coronavirus epidemic to the global economy. Elsewhere, the South Korean won was little changed against the dollar. The country reported a jump in cases on Wednesday, compared with a day earlier where it saw a decline in the rate of new infections. The Philippine peso and Thai baht also fell. The Indian rupee, emerging from a holiday on Tuesday, advanced 0.4% after losing close to 1% over the last three days. The Singapore dollar and Chinese yuan also gained. The ringgit gained 0.3%. The country's newly appointed prime minister said his cabinet will form an economic action council to tackle serious issues affecting the country's economy such as the drop in global oil prices and the outbreak. CURRENCIES VS U.S. DOLLAR AS AT 0635 GMT Currency Latest bid Previous day Pct Move Japan yen 104.500 105.63 +1.08 Sing dlr 1.389 1.3914 +0.17 Taiwan dlr 30.068 30.036 -0.11 Korean won 1193.000 1193.2 +0.02 Baht 31.510 31.49 -0.06 Peso 50.523 50.45 -0.14 Rupiah 14380.000 14340 -0.28 Rupee 73.800 74.11 +0.42 Ringgit 4.230 4.242 +0.28 Yuan 6.946 6.9558 +0.14 Change so far in 2020 Currency Latest bid End 2019 Pct Move Japan yen 104.500 108.61 +3.93 Sing dlr 1.389 1.3444 -3.22 Taiwan dlr 30.068 30.106 +0.13 Korean won 1193.000 1156.40 -3.07 Baht 31.510 29.91 -5.08 Peso 50.523 50.65 +0.25 Rupiah 14380.000 13880 -3.48 Rupee 73.800 71.38 -3.28 Ringgit 4.230 4.0890 -3.33 Yuan 6.946 6.9632 +0.25 (Reporting by Anushka Trivedi in Bengaluru; Editing by Anil D'Silva)