SE Asian stocks rise on upbeat US jobs data


SE Asian stocks ris


Southeast Asian stock markets rose on Monday, in line with Asian shares, as upbeat US jobs data mitigated concerns about the health of the world's largest economy.


Indonesian stocks led the gains, climbing to their highest since June 2015.

The US economy added 287,000 jobs last month, the highest total in eight months, smashing the consensus forecast of 175,000.

The Jakarta Composite Index gained 2.1 percent, led by telecoms and consumer staples.

Philippine shares were 1.1 per cent higher, led by property developers and consumer cyclical's.

SM Prime Holdings and Ayala Land gained 1.6 per cent and 2.2 per cent, respectively.




Singapore's Straits Times index rose to its highest in over two months, with consumer services and financials leading the gains.

Thailand and Malaysia gained 0.9 per cent and 0.6 per cent respectively, while Vietnam remained flat.

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.9 per cent to a one-month top, according to a news agency report.

-SRS-
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