BANGKOK, Jan 28 Thai stocks slipped to near
two-week lows on Tuesday after factory output for December
dropped more than expected amid domestic political tensions
while most markets in Southeast Asia rebounded after recent
The Thai benchmark SET index was down 0.5 percent at
1,282.13, having hit 1,274.61, the lowest since Jan. 15. Shares
of airport operator Airports of Thailand and telecoms
firm Advanced Info Service were among those actively
Industrial output fell 6.17 percent in December from a year
earlier, making a ninth straight month of decline, adding to
worry that the country's protracted political turmoil is hitting
confidence and this year's economic outlook.
Trading volume was 0.4 times the full day average over the
past 30 sessions as investors awaited a conclusion between
caretaker Prime Minister Yingluck Shinawatra and the election
commission on the rescheduling of the Feb. 2 election expected
later in the day.
Support for the SET index was seen at 1,270, said Maybank
Kim Eng Securities.
"If the election is maintained on Feb. 2, a 70 percent
chance, the SET will likely contract," it said in a daily note
The Indonesian index rose 0.7 percent after a nearly
4 percent drop on Monday and Friday as concerns about the
slowing Chinese economy and expectations the U.S. Federal
Reserve will scale back its bond buying further put pressure on
The Fed starts its two-day policy meeting on Tuesday.
Singapore was up 0.2 percent and Malaysia
rose 0.3 percent, both regaining some of their more than 2
percent losses over the past four sessions.
Philippine shares bucked the trend, dropping 0.6
percent after Monday's 1.8 percent fall while Asian stock
markets were weaker, with MSCI's broadest index of Asia-Pacific
shares outside Japan easing 0.07 percent.
Vietnam's stock market is closed from Tuesday to Feb. 5 for
the country's Lunar New Year festival. Vietnamese shares
have risen 10.5 percent so far this year, among Asia's
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SOUTHEAST ASIAN STOCK MARKETS
Change at 0543 GMT
Market Current Prev Close Pct Move
TR SE Asia Index* 377.56 377.07 +0.13
Singapore 3048.19 3042.43 +0.19
Kuala Lumpur 1784.65 1778.88 +0.32
Bangkok 1282.13 1288.59 -0.50
Jakarta 4353.33 4322.78 +0.71
Manila 6036.50 6081.61 -0.74