Southeast Asian stock markets rise

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Southeast Asian stock markets rose on Thursday, tracking Asian shares and Wall Street overnight.

On Wall Street, the Dow blasted through the 21,000 mark for the first time, and the three main stock indexes surged more than 1.3 percent to close at record highs.

Shares were up in Asia on Thursday, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.7 per cent.

In Singapore, the FTSE Straits Times Index rose as much as 1.1 per cent to hit an 18-month high, with financials and industrials leading the gains.

DBS Group was among the top gainers, climbing nearly 2.0 per cent. United Overseas Bank Ltd rose 0.7 per cent, while Keppel Corp extended gains to hit a fresh 16-month high.

The Philippines snapped four sessions of losses, edging 0.7 per cent higher, helped by financial stocks.

Ayala Corp and Metropolitan Bank were the top two performers.

Indonesia shares gained as much as 1.3 per cent, outperforming other markets, with gains spread across all sectors.

Malaysia shares rose 0.9 per cent, boosted by financial and telecom stocks, with Malayan Banking Bhd hitting its highest in nine months and telecoms company Axiata Group Bhd up 2.4 per cent, according to Reuters.

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