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SE Asia Stocks-Most fall after N.Korea nuclear test; Philippines up
September 4, 2017 / 10:13 AM / 2 months ago

SE Asia Stocks-Most fall after N.Korea nuclear test; Philippines up

    By Nicole Pinto
    Sept 4 (Reuters) - Most Southeast Asian stock markets fell
on Monday, with Singapore posting its lowest close in nearly two
months, as North Korea's latest nuclear test and reports from
Seoul that Pyongyang was making preparations for another missile
launch put investors on the back foot.
    South Korea said on Monday it was talking to the United
States about deploying aircraft carriers and strategic bombers
to the Korean peninsula after signs North Korea might launch
more missiles in the wake of its sixth and largest nuclear test.

    Singapore shares closed 1.4 percent lower, snapping
two consecutive sessions of gains, with financials and
industrials leading the decline. 
    Oversea-Chinese Banking Corp Ltd fell 2.2 percent
and Yangzijiang Shipbuilding Holdings Ltd slumped 6.7
percent.
    The city-state is due to release its August manufacturing
PMI data later in the day
    Indonesian shares fell 0.9 percent, extending
declines in to a fifth session, with Bank Rakyat Indonesia
(Persero) Tbk PT closing 1.7 percent lower and Astra
International Tbk PT shedding 1.6 percent.  
    Data from the country's statistics bureau showed that annual
inflation rate slowed slightly in August as food
prices dropped on a monthly basis.
    Headline consumer prices rose 3.82 percent in August from a
year ago, against the expectation of 3.95 percent in a Reuters
poll. The central bank targets a headline inflation rate at 3
percent to 5 percent this year.     
    Meanwhile, Philippine shares climbed 1 percent ahead
of August inflation data, expected on Tuesday.
    A Reuters poll found annual inflation likely quickened for a
second straight month in August, but the chances of an interest
rate hike by the central bank this year remain slim.
    Stock markets in Malaysia and Vietnam were
closed for holidays.    

For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS: Change on the day    
  Market              Current       Previous Close  Pct Move
  Singapore           3230.97       3277.26         -1.41
  Bangkok             1618.72       1618.42         0.02
  Manila              8035.2        7958.57         0.96
  Jakarta             5813.741      5864.059        -0.86
                                                    
  Change so far this                                
 year                                               
  Market              Current       End prev yr     Pct Move
  Singapore           3230.97       2880.76         12.16
  Bangkok             1618.72       1542.94         4.91
  Manila              8035.2        6840.64         17.46
  Jakarta             5813.741      5296.711        9.76
 

 (Reporting by Nicole Pinto; Editing by Subhranshu Sahu)
  

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