August 22, 2017 / 4:17 AM / a month ago

SE Asia Stocks-Most up tracking Wall Street recovery

    By Urvashi Goenka
    Aug 22 (Reuters) - Most Southeast Asian stock markets rose
on Tuesday, tracking broader Asian shares, as Wall Street
recovered from two straight sessions of decline in the previous
session though tensions between the United States and North
Korea kept investors wary.
    The Dow and the S&P 500 edged up, the Nasdaq
 closed flat, and Asian shares excluding Japan
 rose 0.6 percent.
    "We saw modest gains on Wall Street yesterday. So, that
inspired some buying momentum in Asian markets," said Manny
Cruz, an analyst with Manila-based Asiasec Equities Inc.
    Investors began to turn their focus to the U.S. Federal
Reserve's annual conference in Jackson Hole this week where Fed
Chair Janet Yellen and European Central Bank President Mario
Draghi are slated to speak.
    In Singapore, shares rose as much as 0.9 percent, led
by industrials and financials, after five straight sessions of
fall.
    Construction services provider Jardine Matheson Holdings
 rose as much as 2.3 percent, while United Overseas
Bank gained up to 1.2 percent.
    Indonesian shares rose as much as 0.4 percent,
driven by material and consumer staples stocks, ahead of a
central bank rate decision later in the day.
    A Reuters poll showed that the central bank is expected to
keep its benchmark interest rate unchanged despite sluggish
private consumption that is denting economic growth
    Malaysian shares rose slightly, helped by industrial
and telecom stocks, with Telekom Malaysia rising as
much as 2.4 percent and Westports Holdings gaining 1.1
percent.
    Thai shares extended gains into a second day, led by
financials and industrials. Siam Commercial Bank rose
1.4 percent, making it the biggest contributor to the main
index.
    Bucking the trend, Philippine shares fell as much as 
0.5 percent, hurt by industrial and real estate stocks.
Megaworld Corp fell as much as 2 percent, while SM
Prime Holdings was 1.3 percent lower.
    The Philippine financial markets were closed on Monday for a
public holiday.
    
For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS: Change as of 0354 GMT     
  Change on day                                       
  Market           Current       previous    Pct Move
                                 close       
  Singapore        3269.6        3246.99     0.70
  Bangkok          1573.29       1569.62     0.23
  Manila           7982.42       8016.73     -0.43
  Jakarta          5875.974      5861.004    0.26
  Kuala Lumpur     1773.44       1771.62     0.10
  Ho Chi Minh      765.48        768.79      -0.43
                                             
  Change on year                             
  Market           Current       End 2016    Pct Move
  Singapore        3269.6        2880.76     13.50
  Bangkok          1573.29       1542.94     1.97
  Manila           7982.42       6840.64     16.7
  Jakarta          5875.974      5296.711    10.94
  Kuala Lumpur     1773.44       1641.73     8.02
  Ho Chi Minh      765.48        664.87      15.1
 
 (Reporting by Urvashi Goenka; Editing by Subhranshu Sahu)
  

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