August 18, 2017 / 10:37 AM / a year ago

SE Asia Stocks-Fall tracking Wall St; Trump policy concerns weigh

    By Urvashi Goenka
    Aug 18 (Reuters) - Most Southeast Asian stock markets ended
lower on Friday, tracking broader Asia and Wall Street, as
worries escalated over U.S. President Donald Trump's ability to
push through his economic agenda. 
    The exodus of executives from two prominent business
councils, protesting Trump's remarks on white nationalists, and
his abandoning of plans to create an infrastructure advisory
council have underscored concerns about the administration's
economic goals including tax cuts and infrastructure spending.
    Sentiment also took a hit after a van mowed through crowds
of tourists in Barcelona on Thursday, killing at least 13
    In Southeast Asia, Singapore extended losses to a
fourth day, ending the week 0.9 percent lower.
    Financials weighed, with Oversea-Chinese Banking Corp
 down 1.3 percent, while Singapore Exchange
fell 1.9 percent.
    Philippine shares fell 0.7 percent, hurt by
industrials and real estate, but the index gained 1.1 percent
this week.
    JG Summit and Robinsons Land fell 2.8
percent each in the session.
    Thai stocks fell 0.2 percent as consumer
discretionary stocks and industrials lost ground. The index
edged up 0.3 percent this week.
    Malaysian shares ended flat as the gains in consumer
staples were offset by losses in materials, despite data showing
that the economy grew at a faster-than-expected pace in the
second quarter. The index gained 0.5 percent on the week.

    Bucking the trend, Vietnam ended 0.2 percent higher,
led by financials, but shed 0.4 percent this week.
    Indonesian shares ended flat, but still managed to
outperform other markets in the region with a 2.5 percent weekly
For Asian Companies click;  


  Change on day                                        
  Market           Current       previous     Pct Move
  Singapore        3251.99       3268.88      -0.52
  Bangkok          1566.53       1568.95      -0.15
  Manila           8016.73       8072.75      -0.69
  Jakarta          5893.841      5891.949     0.03
  Kuala Lumpur     1776.22       1776.31      -0.01
 Ho Chi Minh       768.97        767.59       0.18
  Change on year                              
  Market           Current       End 2016     Pct Move
  Singapore        3251.99       2880.76      12.89
  Bangkok          1566.53       1542.94      1.53
  Manila           8016.73       6840.64      17.2
  Jakarta          5893.841      5296.711     11.27
  Kuala Lumpur     1776.22       1641.73      8.19
 Ho Chi Minh       768.97        664.87       15.7

 (Reporting by Urvashi Goenka; Editing by Amrutha Gayathri)
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