SE Asian stocks mostly higher

SE Asian stocks
SE Asian stocks mostly higher

Most Southeast Asian stock markets rose on Thursday as risk-taking appetite improved after minutes of the US Federal Reserve's July meeting showed policymakers were in no hurry to raise interest rates.

 
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, as investors added to positions after a 14 per cent rise over the last two months.

Indonesian shares rose more than 1.0 percent and led gains in Southeast Asia, with consumer and financial stocks accounting for more than half the rise.

PT Hanjaya Mandala Sampoerna Tbk and PT Astra International Tbk were among the top percentage gainers.

Thai shares rose over 1.0 percent and were headed for their first rise in four sessions, driven by industrials.

Philippine shares eked out small gains after data showed second-quarter annual economic growth picked up to 7.0 percent from 6.8 percent in January-March.

Singapore shares were up after five straight sessions of losses, led by consumer goods and services.

Bucking the trend, Vietnam and Malaysia traded lower, according to a news agency report.

-SRS-
Share on Google Plus

About Jessica Hornberger

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment