Advertisement
Singapore markets close in 1 hour 16 minutes
  • Straits Times Index

    3,299.32
    -3.87 (-0.12%)
     
  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     
  • Hang Seng

    18,478.48
    -99.82 (-0.54%)
     
  • FTSE 100

    8,291.65
    +78.16 (+0.95%)
     
  • Bitcoin USD

    63,778.57
    -674.54 (-1.05%)
     
  • CMC Crypto 200

    1,368.88
    +3.76 (+0.28%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • Dow

    38,852.27
    +176.59 (+0.46%)
     
  • Nasdaq

    16,349.25
    +192.92 (+1.19%)
     
  • Gold

    2,328.40
    -2.80 (-0.12%)
     
  • Crude Oil

    78.44
    -0.04 (-0.05%)
     
  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     
  • FTSE Bursa Malaysia

    1,607.93
    +10.54 (+0.66%)
     
  • Jakarta Composite Index

    7,134.48
    -1.41 (-0.02%)
     
  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

SE Asia Stocks-Fall ahead of U.S. inflation data

* U.S. inflation data due later on Tuesday

* Stocks give up some of Monday's gains

* Indonesian benchmark biggest loser in the region

By Aaron Saldanha

March 13 (Reuters) - Most Southeast Asian stock markets fell

on Tuesday, in line with Asian peers, as investors worried that

a higher-than-expected U.S. inflation print would hasten the

Federal Reserve into pressing ahead with a rate increase as

early as next week.

Consumer price inflation data for February is due later in

the global day, and follows low wage growth numbers last week,

which eased concerns about inflation and over a faster pace of

rate hikes by the central bank.

ADVERTISEMENT

Higher U.S. rates reduce the attractiveness of riskier asset

classes like equities in growth markets such as Southeast Asia,

due to the improved yields for safer, U.S. assets.

"It is people being risk-averse ahead of anticipated results

(economic data), so not only is it the U.S. inflation report but

also China's production numbers as well as their retail

activity," said Fio Dejesus, equity research analyst at RCBC

Securities in Manila.

Chinese industrial output and retail sales data for February

are due on Wednesday.

In Southeast Asia, Indonesia's benchmark fell 0.7

percent on broad-based losses. Telekomunikasi Indonesia

lost as much as 1.9 percent.

An index of the country's 45 most liquid stocks

fell as much as 1 percent.

Malaysian shares inched lower, with consumer

discretionary and telecom stocks dragging down the index.

Genting Malaysia Bhd, down 1.7 percent, contributed

the most to index losses.

The Philippine index fell 0.4 percent, hurt by

weakness in financials and real estate stocks. BDO Unibank Inc

slid 2.5 percent.

Thai shares moved into negative territory after

ending higher for the first session in nine on Monday. PTT Pcl

weighed the most on the benchmark, slipping 0.4

percent.

The Singapore index rose slightly, helped by gains in

Capitaland Mall Trust and DBS Group Holdings Ltd

, which were up 0.5 percent and 0.9 percent,

respectively.

Asia-shares outside Japan, which surged 1.5

percent on Monday, were nearly unchanged.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE AT 0344 GMT

Market Current Previous close Pct Move

Singapore 3541.47 3540.19 0.04

Bangkok 1798.31 1800.32 -0.11

Manila 8421.03 8453.5 -0.38

Jakarta 6454.132 6500.686 -0.72

Kuala Lumpur 1858.97 1861.22 -0.12

Ho Chi Minh 1124.9 1126.29 -0.12

Change on year

Market Current End 2017 Pct Move

Singapore 3541.47 3402.92 4.07

Bangkok 1798.31 1753.71 2.54

Manila 8421.03 8558.42 -1.61

Jakarta 6454.132 6355.654 1.55

Kuala Lumpur 1858.97 1796.81 3.46

Ho Chi Minh 1124.9 984.24 14.29

(Reporting by Aaron Saldanha in Bengaluru; Editing by Biju

Dwarakanath)