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SE Asia Stocks-Philippines, Thailand up; US shutdown weighs
October 7, 2013 / 5:45 AM / in 4 years

SE Asia Stocks-Philippines, Thailand up; US shutdown weighs

Oct 7 (Reuters) - Philippine and Thailand shares were firmer
on Monday, but other Southeast Asian markets were largely weaker
in early trade as investors stayed away, preferring a 'wait and
see' approach due to the lingering U.S. budget standoff. 
    By 0522 GMT, the Philippine stock index was 0.9
percent up at a near two-week high, while Thailand's main index
 gained 0.2 percent. 
    Democrats and Republicans in the United States remained far
apart on ending the government shutdown, let alone reaching a
deal on the U.S. borrowing limit by Oct. 17 to avoid an
unprecedented default. 
    "It's a quite market with not much activity. Market and
investors are waiting to see any new development on the
shutdown," said Pichai Lertsupongkij, head of investment
advisory services at broker Thanachart Securities.
    Other markets moved sideways with the Vietnam stock index
, the best performer in the region, up 0.3 percent, while
Malaysia and Singapore traded steady. 
    Indonesia's Jakarta Composite Index was trading 0.14 percent
down, after the World Bank revised down its GDP growth forecast
for the largest economy in Southeast Asia. 
    For Asian Companies click;  
For South East Asia Hot Stock reports, click;

 Change at 0524 GMT
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   409.04        409.19       -0.04
 Singapore          3138.85       3138.08       +0.02
 Kuala Lumpur       1776.19       1776.56       -0.02
 Bangkok            1430.58       1427.72       +0.20
 Jakarta            4382.99       4389.35       -0.14
 Manila             6448.76       6390.48       +0.91
 Ho Chi Minh         499.13        497.50       +0.33

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