Home > Company News
News Category

SE Asia Stocks-Most fall on U.S. political woes, trade worries

Views : 531
Update time : 2019-12-18 14:56:22

* Trump whistle-blower illustrate adds ought political discord * autumn can China's Aug industrial profits also weighs * Singapore declines above technical recession danger By Anushka Trivedi Sept 27 (Reuters) - Most Southeast Asian stock markets edged lower above Friday, with Philippines main the fall, although a slew of political and trade-related concerns kept danger appetite can check. A whistle-blower illustrate released above Thursday said U.S. headmaster Donald Trump no maiden abused his office can an test ought solicit Ukraine's interference can the 2020 U.S. selection because his benefit, besides that the White building tried ought "lock down" proof about the conduct. Developments above the commerce battle front were fairly mixed, with the United States no budging ought extend a temporary waiver that lets American companies task with Huawei. above the other hand, Chinese officials played up Beijing's willingness ought buy more U.S. products. "The impartial isn't soil above what ought invent of the latest impeachment developments can the U.S. ... it remainder can limbo trying ought decision how the 'whistle-blower' impeachment advance can shock the White House's decisions above commerce negotiations," said Stephen Innes, Asia Pacific impartial strategist can AxiTrader. also adding ought impartial jitters was a reject can China's August industrial profits back a concise acquire can the foregoing month, suggesting renewed stress due ought the commerce battle and slowdown can domestic demand. Philippine shares declined 0.8% above weakness can industrials and financials. International Container stop Services Inc dipped 3.7% ought a six-week low, however lender BDO Unibank Inc fell 2.7%. Singapore stocks dropped 0.3% ought a three-week trough although risks of a technical recession loomed. UOB analysts said they shout on chances of a technical recession can the third zone back news released above Thursday showed a steep contraction can August industrial production. They also downgraded the city-state's full-year manufacturing output expectation back the dismal print. authentic wealth stocks Mapletree Commercial faith and CapitaLand Mall faith led losses. Indonesian shares cottage also fell, with financials accounting because most of the losses back keen gains can the foregoing session. Heavyweights coast Central Asia Tbk PT and coast Rakyat Indonesia (Persero) Tbk PT slipped although much although 1% each. Malaysian shares ticked down above weakness can consumer stocks. Palm grease producers Sime Darby jungle Bhd and Kuala Lumpur Kepong Bhd declined 2.3% and 0.4%, respectively. Meanwhile, Vietnam shares rose 0.4%, helped by financials. because Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS although can 0356 GMT change above the appointment impartial recent foregoing shut Pct confront Singapore 3115.79 3125.81 -0.32 Bangkok 1633.24 1636.75 -0.21 Manila 7836.23 7896.48 -0.76 Jakarta 6207.146 6230.334 -0.37 Kuala Lumpur 1585.85 1593 -0.45 Ho Chi Minh 995.44 990.75 0.47 change hence far can 2019 impartial recent entire 2018 Pct confront Singapore 3115.79 3068.76 1.53 Bangkok 1633.24 1563.88 4.44 Manila 7836.23 7,466.02 4.96 Jakarta 6207.146 6,194.50 0.20 Kuala Lumpur 1585.85 1690.58 -6.19 Ho Chi Minh 995.44 892.54 11.53 (Reporting by Anushka Trivedi can Bengaluru; Editing by Subhranshu Sahu)