By Anusha Ravindranath
Oct 7 Southeast Asian stock markets fell on
Friday as traders remained on edge ahead of a key U.S. jobs
report that could signal the timing of the next Federal Reserve
Strong U.S. jobs numbers can fuel the expectations of a Fed
rate hike in December and ripple through markets.
The International Monetary Fund warned on Thursday that a
disorderly reaction to possible U.S. interest rate hikes could
disrupt capital flows and heighten asset price volatility in
Asian shares dropped with MSCI's broadest index of
Asia-Pacific shares outside Japan losing around
Several U.S. economic indicators paint the picture of the
economy being on a firmer footing, said Grace Aller of AP
Securities, adding Fed officials are running out of reasons to
further delay rate hikes.
Philippine shares posted their second straight weekly
loss, with telecom stocks leading the decline.
"Duterte's antics is probably getting on to the nerves of
investors", said Mikey Macainag of Sunsecurities in Manila.
"Everybody wants to be aligned with the U.S. but unfortunately
our government is saying that we don't really need them. Let's
see what happens after the (U.S.) elections".
Tensions on the political front rose after the Philippine
defence minister said the military could manage without U.S.
Singapore shares slipped, sparked by a sell-off in
telecom and consumer services stocks, while Vietnam shed
more than 1 percent during the session.
Thai shares fell after four days of gains, but rose
1.4 percent on the week, while Malyasian shares closed
almost flat, but gained 0.8 percent on the week.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current previous Pct Move
Singapore 2875.24 2885.22 -0.35
Bangkok 1504.34 1513.86 -0.63
Manila 7578.29 7620.16 -0.55
Jakarta 5377.149 4885.163 -0.6
Kuala Lumpur 1665.38 1666.73 -0.08
Ho Chi Minh 683.95 687.32 -0.49
Change so far
Market Current End prev yr Pct Move
Singapore 2875.24 2882.73 -0.26
Bangkok 1504.34 1288.02 16.79
Manila 7578.29 6952.08 9.01
Jakarta 4879.965 4593.008 6.25
Kuala Lumpur 1665.38 1692.51 -1.60
Ho Chi Minh 683.95 579.03 18.12
(Reporting by Anusha Ravindranath in Bengaluru; Additional
reporting by Susan Mathew; Editing by Amrutha Gayathri)