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SE Asia Stocks-Most rise tracking Wall St; Vietnam down 1 pct
August 22, 2017 / 10:05 AM / a month ago

SE Asia Stocks-Most rise tracking Wall St; Vietnam down 1 pct

    By Urvashi Goenka
    Aug 22 (Reuters) - Most Southeast Asian stock markets ended
higher on Tuesday as Wall Street recorded modest overnight
gains, underpinning sentiment in Asia.
    MSCI's broadest index of Asia-Pacific shares outside Japan
 rose 0.5 percent on Tuesday, after Wall Street's
benchmark S&P 500 gained on Monday, recovering from two
sessions of losses.
    "We saw modest gains on Wall Street yesterday. So, that
inspired some buying momentum in Asian markets," said Manny
Cruz, an analyst with Manila-based Asiasec Equities Inc.
    Market participants will watch out for the U.S. Federal
Reserve meeting later this week, which will be attended by Fed
Chair Janet Yellen, European Central Bank President Mario Draghi
and other global central bankers.
    Singapore shares rose 0.5 percent after a
five-session losing streak, as industrials and financials
climbed, with Oversea-Chinese Banking Corp gaining 0.5
percent and Sembcorp Industries up 1.7 percent.    
    Vietnam was the only market that fell in the region,
with a nearly 1 percent drop to hit a near one-month closing
low, as consumer staples and financials dragged the index. 
    Vietnam Joint Stock Commercial Bank for Industry and Trade
 fell 1.6 percent, while insurance company Baoviet
Holdings lost 2.2 percent.
    Indonesian shares closed 0.3 percent higher,
supported by financials and materials sectors.
    Share markets in Malaysia and Thailand
gained 0.2 percent each. 
    
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SOUTHEAST ASIAN STOCK MARKETS

  Change on day                                       
  Market           Current      previous     Pct Move
                                close        
  Singapore        3263.79      3246.99      0.52
  Bangkok          1573.19      1569.62      0.23
  Manila           8015.93      8016.73      -0.01
  Jakarta          5880.297     5861.004     0.33
  Kuala Lumpur     1774.22      1771.62      0.15
 Ho Chi Minh       761.26       768.79       -0.98
                                             
  Change on year                             
  Market           Current      End 2016     Pct Move
  Singapore        3263.79      2880.76      13.30
  Bangkok          1573.19      1542.94      1.96
  Manila           8015.93      6840.64      17.2
  Jakarta          5880.297     5296.711     11.02
  Kuala Lumpur     1774.22      1641.73      8.07
 Ho Chi Minh       761.26       664.87       14.5
 
 (Reporting by Urvashi Goenka; Editing by Amrutha Gayathri)
  

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