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SE Asia Stocks-Most end lower; strong GDP data boosts Thailand
August 21, 2017 / 10:10 AM / a month ago

SE Asia Stocks-Most end lower; strong GDP data boosts Thailand

    By Urvashi Goenka
    Aug 21 (Reuters) - Most Southeast Asian stock markets closed
lower on Monday as persisting concerns over Donald Trump's
ability to fulfil his economic agenda and joint U.S.-South
Korean computer-simulated military drills stoked caution.
   Concerns have increased since Trump's comments on violence in
Charlottesville, Virginia that alienated Republicans, corporate
leaders and U.S. allies, rattling markets and prompting
speculation about possible White House resignations.

   Sentiment was also hurt as South Korean and U.S. forces began
computer-simulated military exercises on Monday amid tensions
over North Korea's missile and nuclear programmes.
    In Asia, MSCI's broadest index of Asia-Pacific shares
outside Japan was largely flat in the session.

    Considering caution across the globe, investors are still
trying to make things a little conservative in terms of the
investment approach, said Taye Shim, head of research at
Jakarta-based Mirae Asset Sekuritas.
    Indonesian shares fell 0.6 percent, hurt by consumer
staples stocks, with clove cigarette maker Hanjaya Mandala
Sampoerna falling 4 percent and palm plantations
manager Sawit Sumbermas Sarana dropping 1.6 percent.
    Singapore closed lower, with real estate stocks
accounting for most of the losses, as City Developments
 and CapitaLand fell 1.5 percent and 0.5
percent, respectively.
    Bucking the trend, the Thai index closed 0.2 percent
higher, aided by data that showed Thailand's economy grew in the
second quarter at its fastest clip in over four years on strong
exports.
    "Thai stock markets are in a quite good sentiment after we
had a better-than-expected second-quarter GDP announced," said
Teerada Charnyingyong, strategist at Phillip Capital Thailand.
    Thailand's central bank said on Monday it had observed
occasional increases in the volume of foreign exchange
transactions and might consider new measures to limit
speculation in the baht 
    The Philippine financial markets were closed for a public
holiday. 

For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKET: CHANGE ON DAY
    
 Market            Current   Previous Close  Pct Move
 Singapore         3246.99   3251.99         -0.15
 Bangkok           1569.62   1566.53         0.20
 Jakarta           5861.004  5893.841        -0.56
 Kuala Lumpur      1771.62   1776.22         -0.26
 Ho Chi Minh       768.79    768.97          -0.02
                                             
 Change on year                              
 Market            Current   End 2016        Pct Move
 Singapore         3246.99   2880.76         12.71
 Bangkok           1569.62   1542.94         1.73
 Jakarta           5861.004  5296.711        10.65
 Kuala Lumpur      1771.62   1641.73         7.91
 Ho Chi Minh       768.79    664.87          15.6
 
 (Reporting by Urvashi Goenka; Editing by Amrutha Gayathri)
  

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