World equities fell for the fourth day running on Monday and the dollar traded close to two-month lows on growing worries about slowdowns in the United States and in China -- a major importer of palm oil.
The ringgit traded at 3.2130 to the dollar against 3.2225 the previous day. A stronger ringgit makes the vegetable oil more expensive for overseas buyers, limiting demand.
The benchmark September contract
REGIONAL EQUITIES-BANGKOK, July 5 (Reuters) - Thai stocks posted small gains on Monday led by telecoms shares as hopes grew a next-generation telecoms licence auction would finally be held later this year, while global economic gloom crimped regional sentiment.
Investors in Thailand also selectively sought firms with good earnings prospects as the earnings season kicks off this month, giving a boost to shares in big banks and some property developers.
Singapore-listed Total Access
Bucking the trend, Malaysia <.KLSE> fell 0.6 percent, ending in negative terrain for a sixth session. The largest lender, Malayan Banking
Markets elsewhere in Asia inched higher on Monday, with investors taking profits on defensive plays and buying back other beaten-down shares, though selling could resume shortly as the U.S. and Chinese economies are slowing in tandem.