By Geo Tharappel
Jan 6 Southeast Asian stock markets were flat to
higher on Friday, as uncertainty about incoming U.S. President
Donald Trump's administration weighed on the dollar and U.S.
bond yields, boosting investor risk appetite in emerging
The dollar's index against a basket of six major currencies
shed more than 2 percent, while 10-year U.S. Treasuries
yield slumped to one-month lows overnight.
The dollar's retreat was further fuelled by China's move to
clamp down on capital outflows and stem the fall in the yuan
ahead of Trump's inauguration on Jan. 20.
Trump's U.S. presidential election win sparked a major
realignment in markets, with expectations of his tax cuts,
fiscal spending and deregulation sending U.S. bond yields and
dollar higher, while prompting capital outflows from emerging
The Philippine index rose more than 1 percent for a
fourth straight session, led by real estate and industrial
"The last few days, foreigners have been net buyers...
They're buying back into the market because of growth
opportunities here," said Grace Aller, an analyst with AP
Property developer SM Prime Holdings Inc rose as
much as 3.5 percent to a more than five-month high, while
conglomerate Aboitiz Equity Ventures Inc gained as much
as 3.3 percent.
Vietnam shares edged up more than 1 percent to a
six-week high, boosted by financials and consumer staples.
Saigon Beer Alcohol Beverage Corp added over 4
percent, while Vietcombank rose as much as 3.4 percent
to its highest since Oct. 7.
Singapore shares hit their highest in nearly 1 month,
led by oil and gas shares as global oil prices held steady on
the back of supply cuts by Saudi Arabia and Abu Dhabi.
In Asia, MSCI's broadest index of Asia-Pacific shares
outside Japan was flat.
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SOUTHEAST ASIAN STOCK MARKETS : Change at 0549 GMT
Market Current prev close Pct Move
Singapore 2961.8 2954.14 0.26
Bangkok 1570.93 1571.05 -0.01
Manila 7280.27 7209.44 0.98
Jakarta 5339.276 5325.504 0.26
Kuala Lumpur 1668.4 1659.82 0.52
Ho Chi Minh 683.26 675.81 1.10
Change this year
Market Current End 2016 Pct Move
Singapore 2961.8 2880.76 2.81
Bangkok 1570.93 1542.94 1.81
Manila 7280.27 6840.64 6.43
Jakarta 5339.276 5296.711 0.80
Kuala Lumpur 1668.4 1641.73 1.62
Ho Chi Minh 683.26 664.87 2.76
(Reporting by Geo Tharappel in Bengaluru; Editing by Biju