JAKARTA, Feb 14 Southeast Asian stock markets
edged higher on Friday, tracking strong Asian shares, with
Indonesia eking out small gains on the back of a stronger
Asian shares rose on Friday while the U.S. dollar struggled
to regain traction after downbeat U.S. economic data pushed it
to a nearly three-week low against the euro.
Indonesia's main index breached the 4,500 mark in
morning trade, boosted by property sector which was up
1 percent by midday. Real estate developers Lippo Karawaci
and Lippo Cikarang rose more than 1.6
The Indonesian rupiah hit a near 11-week high on
Friday, leading gains among emerging Asian currencies, as
investors snapped up the country's bonds after its current
account deficit narrowed sharply in the fourth
"The stability of the exchange rate had a positive impact
for the JCI movement. U.S. stock indexes rise on Thursday,
followed by a rise in the main Asian stock indexes today is
expected to provide a boost for JCI to advance to the positive
territory," said Valbury Asia Securities in a note on Friday.
Vietnamese index inched up 0.28 percent, led by gains
in Vietnam's largest listed firm, PetroVietNam Gas.
The Philippine and Malaysian indexes were up
0.1 percent, while Singapore stocks were flat.
The Thai bourse is closed for a public holiday.
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SOUTHEAST ASIAN STOCK MARKETS
Change at 0532 GMT
Market Current Prev Close Pct Move
TR SE Asia Index* 388.09 386.99 +0.28
Singapore 3040.97 3039.90 +0.04
Kuala Lumpur 1819.02 1817.15 +0.10
Bangkok 1311.87 1311.87 +0.00
Manila 6110.47 6101.72 +0.14
Jakarta 4499.73 4491.66 +0.18
Ho Chi Minh 569.38 570.18 -0.14