Oct 17 Most Southeast Asian stock markets fell
on Monday, in line with broader Asia, as investors digested
comments by U.S. Federal Reserve Chair Janet Yellen.
Yellen said on Friday the Fed may need to run a
"high-pressure" economy in order to reverse damage from the
global financial crisis that depressed output.
Her remarks, however, did not address immediate policy
concerns directly and didn't change prevailing views that the
Fed is likely to raise interest rates in December.
MSCI's broadest index of Asia-Pacific shares outside Japan
dropped 0.6 percent.
Philippine stocks closed 0.4 percent lower after
rising as much as 0.5 percent earlier in the session.
Financials and utilities were the biggest losers, with
Manila Electric and realtor SM Prime Holdings
shedding the most.
Indonesian shares ended 0.2 percent higher, driven
by energy and telecom stocks.
Indonesia's statistics bureau raised its exports figure for
August to $12.75 billion from $12.63 billion, making August the
first month in nearly two years in which there was an annual
increase in exports.
Earlier on Monday, the bureau said the economy had a trade
surplus of $1.22 billion in September as exports and imports
contracted, against expectations for import growth.
Indonesia has had a trade surplus every month this year.
Thai stocks ended flat, having fallen as much as 1
percent in early trades. The index declined 1.8 percent last
week on concerns about King Bhumibol Adulyadej's health. The
king passed away on Thursday.
Foreigners were net sellers in the previous four sessions.
They also cut their holdings in Thai bonds during the
period, according to data from the Thai Bond Market Association.
Singapore shares closed almost flat, after declining
as much as 0.8 percent in early trades following data that
showed September exports declined less than expected, though a
grim outlook for the economy prevailed.
Malaysian shares lost 0.3 percent, while Vietnam
fell 0.9 percent, dragged down by energy stocks including
Petrovietnam Gas Joint Stock Corp.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Previous Pct Move
Singapore 2817.07 2815.24 0.07
Bangkok 1477.34 1477.61 -0.02
Manila 7358.21 7389.3 -0.42
Jakarta 5410.303 5399.885 0.19
Kuala Lumpur 1653.71 1658.97 -0.32
Ho Chi Minh 680.95 687 -0.88
Market Current End 2015 Pct Move
Singapore 2817.07 2882.73 -2.28
Bangkok 1477.34 1288.02 14.70
Manila 7358.21 6952.08 5.84
Jakarta 5410.303 4593.008 17.79
Kuala Lumpur 1653.71 1692.51 -2.29
Ho Chi Minh 680.95 579.03 17.60
(Reporting by Rushil Dutta in Bengaluru; Additional reporting
by Jong Woo Cheon in Singapore; Editing by Subhranshu Sahu)