September 7, 2017 / 10:06 AM / 10 months ago

SE Asia Stocks-Most rise as risk appetite recovers after U.S. debt limit deal

    By Aditya Soni
    Sept 7 (Reuters) - Most Southeast Asian stock markets rose
on Thursday following a recovery in global markets after U.S.
President Donald Trump forged a surprising deal with Democrats
to extend the debt limit, erasing fears of a government
    Investors looked beyond the lingering tensions surrounding
North Korea that had dampened sentiment this week, as Trump
embraced his political adversaries to extend the debt limit and
provide government funding until Dec. 15.
    Investors will follow global cues until they find "some
really big developments" arising out of Southeast Asia, said
Taye Shim, head of research at Mirae Asset Sekuritas.
    Thai shares led the gains in Southeast Asia, rising
0.7 percent to their highest close since May 2013.
    Energy was the best performing sector with PTT PCL
rising 2 percent, while Berli Jucker PCL gained 6.2
percent to its highest close since Jan. 27.     
    Malaysian shares closed 0.6 percent higher after the
central bank left the overnight policy rate unchanged as
expected, as it sees the economy remaining on a solid growth
track while inflation moderates.
    Financials accounted for most of the gains with CIMB Group
Holdings rising 2.4 percent and Tenaga Nasional
 climbing 1.1 percent.
    Philippine stocks rose 0.5 percent, while Indonesian
shares edged up.  
    Vietnam shares rose 0.4 percent to their highest
close since February 2008 with Saigon Beer Alcohol Beverage Corp
 gaining 3.1 percent to its highest ever close.      
For Asian Companies click;  

  Market           Current       previous     Pct Move
  Singapore        3228.06       3232.47      -0.14
  Bangkok          1632.66       1621.3       0.70
  Manila           8022.98       7983.97      0.49
  Jakarta          5832.311      5824.138     0.14
  Kuala Lumpur     1782.98       1772.48      0.59
 Ho Chi Minh       796.72        793.55       0.40
  Change so far                               
 this year                                    
  Market           Current       End 2016     Pct Move
  Singapore        3228.06       2880.76      12.06
  Bangkok          1632.66       1542.94      5.81
  Manila           8022.98       6840.64      17.28
  Jakarta          5832.311      5296.711     10.11
  Kuala Lumpur     1782.98       1641.73      8.60
 Ho Chi Minh       796.72        664.87       19.83
 (Reporting by Aditya Soni; Editing by Subhranshu Sahu)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below