September 6, 2017 / 4:16 AM / a year ago

SE Asia Stocks-Lower as N.Korea tensions dent risk appetite

    By Aditya Soni
    Sept 6 (Reuters) - Most Southeast Asian stock markets fell
on Wednesday as simmering tensions between North Korea and the
United States continued to weigh on investor confidence.
    A top North Korean diplomat warned on Tuesday Pyongyang was
ready to send "more gift packages" to Washington as the two
countries traded barbs following North Korea's biggest-ever
nuclear test on Sunday.
    "Southeast Asian Markets continue to retract as the
geopolitical tension in North Korea continues to be a valid
factor that dampens the sentiment in the markets," said Manny
Cruz an analyst with Manila-based Asiasec Equities.
    Philippine shares fell nearly 1 percent, led by
losses in financials and industrials.
    Index heavyweights SM Investments and Bank of the
Philippine Islands fell 1.6 percent and 1.7 percent,
    Singapore shares fell 0.6 percent, with financials 
accounting for most of the losses. DBS Group Holdings
fell 0.8 percent, while Oversea-Chinese Banking Corp
fell 1.1 percent. 
    Malaysian shares held steady after data showed
better-than-expected exports in July, helped by higher shipments
of manufactured products and mining goods.
    Exports in July rose 30.9 percent from a year earlier,
beating a 23.1 percent growth forecast by analysts in a Reuters
    "Lately, there has been some buying appetite among foreign
funds for Malaysian equities so that is tempering pressure in
the Malaysian markets, vis-à-vis the regional equities," said
Manny Cruz. 
    Foreign investors bought shares net worth about 103.1
million ringgit ($24.3 million) on Tuesday, according to Bursa
Malaysia's daily participation data. 
    Materials and financials accounted for most of the gains,
with Malayan Banking rising 0.6 percent and Petronas
Chemicals Group climbing 1.5 percent. 
    Indonesian shares fell 0.2 percent while Thai shares
 were down marginally. 
  STOCK MARKETS                                        
  Change on the                                        
  Market           Current       previous     Pct Move
  Singapore        3231.19       3251.26      -0.62
  Bangkok          1618.82       1620.42      -0.10
  Manila           7974.89       8049.35      -0.93
  Jakarta          5816.972      5829.979     -0.22
  Kuala Lumpur     1769.73       1769.63      0.01
 Ho Chi Minh       791.26        792.31       -0.13
  Change so far                               
 this year                                    
  Market           Current       End 2016     Pct Move
  Singapore        3231.19       2880.76      12.16
  Bangkok          1618.82       1542.94      4.92
  Manila           7974.89       6840.64      16.58
  Jakarta          5816.972      5296.711     9.82
  Kuala Lumpur     1769.73       1641.73      7.80
 Ho Chi Minh       791.26        664.87       19.01
For Asian Companies click;  

($1 = 4.2450 ringgit)

 (Reporting by Aditya Soni; Editing by Amrutha Gayathri)
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