August 24, 2017 / 10:28 AM / a month ago

SE Asia Stocks-Higher as focus shifts to central bankers' meet

    By Urvashi Goenka
    Aug 24 (Reuters) - Most Southeast Asian stock markets closed
higher on Thursday, in line with Asian peers, as investors
looked past U.S. President Donald Trump's threat to shut down
government, focusing instead on a meeting of central bankers in
the United States. 
    U.S. Federal Reserve Chair Janet Yellen and European Central
Bank President Mario Draghi are slated to speak at the annual
conference in Jackson Hole, Wyoming, where central bankers from
across the globe are expected to tout the benefits of
globalisation.     
    In a speech on Tuesday evening, Trump threatened a shutdown
if Congress does not agree to fund constructing a wall along the
border with Mexico, a signature promise of his presidential
campaign.
    In Southeast Asia, Thailand rose 0.1 percent, led by
healthcare and industrials. 
    Bangkok Dusit Medical Services PCL closed 3.5
percent higher, while Siam Cement PCL lost 0.4 percent.
    Singapore ended up 0.4 percent, with Jardine Cycle &
Carriage about 3 percent higher and Keppel Corp
 rising 1 percent.
    The island-nation's industrial production likely rose at the
fastest annual pace in seven months in July, a Reuters poll
showed.
    Malaysian shares edged up, helped by telecom and
consumer staples. Genting Malaysia inched up 0.8
percent, while Digi.Com gained 0.6 percent.
    Indonesia closed 0.3 percent lower, dragged down by
consumer staples and financials.
     Bank Central Asia fell 1 percent, while Bank
Tabungan Negara slipped 2.1 percent.
    Asian shares ex-Japan were up 0.5 percent as
of 1013 GMT.   
    
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SOUTHEAST ASIAN STOCK MARKETS

  Change on day                                        
  Market           Current       previous     Pct Move
                                 close        
  Singapore        3272.16       3260.05      0.37
  Bangkok          1575.96       1573.38      0.16
  Manila           8004.93       7998.75      0.08
  Jakarta          5894.117      5914.024     -0.34
  Kuala Lumpur     1775.5        1772.94      0.14
  Ho Chi Minh      769.77        765.98       0.49
                                              
  Change on year                              
  Market           Current       End 2016     Pct Move
  Singapore        3272.16       2880.76      13.59
  Bangkok          1575.96       1542.94      2.14
  Manila           8004.93       6840.64      17.0
  Jakarta          5894.117      5296.711     11.28
  Kuala Lumpur     1775.5        1641.73      8.15
  Ho Chi Minh      769.77        664.87       15.8
 

 (Reporting by Urvashi Goenka; Editing by Biju Dwarakanath)
  

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