September 6, 2017 / 9:58 AM / a year ago

SE Asia Stocks-Cautious as N. Korea worries mount

    By Aditya Soni
    Sept 6 (Reuters) - Southeast Asian markets were subdued on
Wednesday as tensions surrounding North Korea continued to
escalate while global powers remained uncertain in their
response to Pyongyang's latest nuclear test. 
    South Korean President Moon Jae-in told Russian leader
Vladimir Putin on Wednesday that the situation on the Korean
peninsula could become unpredictable if Pyongyang did not halt
its "provocative actions" after its sixth and largest nuclear
bomb test. 
    “Reports suggest that there may be further missile tests by
North Korea over the weekend. So the investors are adopting a
wait-and-see attitude,” said Liu Jinshu, Director of Research at
NRA Capital.
    MSCI's broadest index of Asia-Pacific shares outside Japan
<.MIAPJ0000PUS > fell 0.5 percent.
    Philippine shares snapped four consecutive sessions
of gains to close down 0.8 percent. 
    Industrials and financials were the biggest drags on the
index with SM Investments falling 1.9 percent and Bank
of the Philippine Islands closing 1.5 percent lower.
    Singapore shares fell 0.6 percent, hurt by losses in
    Oversea-Chinese Banking Corp fell 1.1 percent,
dragging down the index, while DBS Group Holdings fell
1.2 percent.
    Malaysian shares gained after data earlier in the day showed
the country exports in July rose 30.9 percent, far  exceeding
    Thai shares were marginally up, while Indonesian
shares fell 0.1 percent. 
For Asian Companies click;  
  Market           Current       previous     Pct Move
  Singapore        3232.47       3251.26      -0.58
  Bangkok          1621.30       1620.42      0.05
  Manila           7983.97       8049.35      -0.81
  Jakarta          5824.138      5829.979     -0.10
  Kuala Lumpur     1772.48       1769.63      0.16
  Ho Chi Minh      793.55        792.31       0.16
  Change so far                               
 this year                                    
  Market           Current       End 2016     Pct Move
  Singapore        3232.47       2880.76      12.21
  Bangkok          1621.3        1542.94      5.08
  Manila           7983.97       6840.64      16.71
  Jakarta          5824.138      5296.711     9.96
  Kuala Lumpur     1772.48       1641.73      7.96
 Ho Chi Minh       793.55        664.87       19.35

 (Reporting by Aditya Soni in Bengaluru; Editing by Vyas Mohan)
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