August 28, 2017 / 4:13 AM / a month ago

REFILE-SE Asia Stocks-Tepid ahead of macro data from major economies

 (Corrects to remove incorrect link in last paragraph)
    By Chandini Monnappa
    Aug 28 (Reuters) - Southeast Asian stock markets were tepid
on Monday, in line with broader Asia, as investors shied away
from taking any big bets ahead of economic data from major
countries. 
    India is expected to release its quarterly economic growth
data on Thursday, while Thailand's August inflation data is
scheduled to be released on Friday.
    "Regional investors are taking a wait-and-see stance ahead
of a slew of macro data releases from China, India, Japan and
Korea," said Taye Shim, head of research at Jakarta-based Mirae
Asset Sekuritas.
    "Given the fact that (stock) prices have reached historical
highs across the region, I think investors are a little bit more
risk-sensitive rather than opportunity-sensitive." 
    Globally, gasoline prices hit two-year highs on Monday as
massive floods caused by Hurricane Harvey forced refineries
across the U.S. Gulf Coast to shut down. Brent futures
were pushed up by pipeline blockades in Libya.
    MSCI's broadest index of Asia-Pacific shares outside Japan
 rose 0.1 percent as investors waited to see how
much damage the storm had inflicted.
    In Southeast Asia, energy shares were up in all markets
except Malaysia.
    Malaysian shares were up 0.1 percent, fuelled by
gains in industrial stocks. Conglomerate Sime Darby
rose as much as 2.1 percent, while port operations manager
Westports Holdings climbed up to 4.2 percent to its
highest in more than a month.
    Thai shares climbed 0.3 percent with packaging
company Berli Jucker rising as much as 2.8 percent to
its highest in nearly four weeks, while Airports of Thailand
 gained nearly 1 percent.
    Singapore shares climbed 0.1 percent with financials
accounting for almost half the gains.
    Bucking the trend, Indonesian shares were down 0.2
percent, hurt mostly by information technology and financial
stocks.
    Indoritel Makmur Internasional Tbk fell 5.7
percent, while Bank Central Asia Tbk fell more than 1
percent.  
    The Philippine market was closed on Monday for a local
holiday. 
    
For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS: Change at 0344 GMT
    
  Market           Current     Previous Close   Pct Move
  Singapore        3263.53     3259.57          0.12
  Bangkok          1580.09     1575.85          0.27
  Jakarta          5903.583    5915.363         -0.20
  Kuala Lumpur     1770.64     1769.17          0.08
  Ho Chi Minh      771.9       771.63           0.03
                                                
  Change on year                                
  Market           Current     End 2016         Pct Move
  Singapore        3263.53     2880.76          13.29
  Bangkok          1580.09     1542.94          2.41
  Jakarta          5903.583    5296.711         11.46
  Kuala Lumpur     1770.64     1641.73          7.85
  Ho Chi Minh      771.9       664.87           16.1
 
 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Subhranshu Sahu)
  

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