SE Asia Stocks-Most fall; Malaysia retreats from 3-month top
* Indonesian shares down after 2 sessions of gains
* Philippine shares fell for 2nd session in three
By Sumeet Gaikwad
Aug 29 (Reuters) - Most Southeast Asian stock markets fell
on Wednesday as a lack of supportive cues and caution ahead of a
looming deadline on tariffs with China hurt risk sentiment.
A new set of tariffs may kick in next week as the deadline
for public comment on U.S. President Donald Trump's plan to
impose 25 percent tariffs on another $200 billion of Chinese
goods is on Sept. 5.
Philippine shares fell for a second session in three,
dragged by financials and consumer staples. Ayala Corp
was among the biggest drags with a drop of 1.4 percent, while
Universal Robina Corp slid over 2 percent.
Malaysian shares retreated from a three-month high
hit in the previous session. Medical gloves and equipment maker
Hartalega Holdings Bhd was the biggest drag with a
drop of 3 percent. Dialog Group followed closely with
a 2.6 percent decline.
Indonesian shares fell after two straight sessions
of gains with financials leading the decline. Bank Central Asia
and Bank Negara Indonesia declined 1.4
percent and 2 percent, respectively.
Thai shares were largely flat with Siam Commercial
Bank rising 1 percent, while oil and gas producer PTT
declined 0.5 percent.
Singapore shares rose marginally as gains in
financials offset losses in industrials.
Top lender DBS Group Holdings rose as much as 0.5
percent, while diversified conglomerate Jardine Matheson
Holdings fell over 1 percent.
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SOUTHEAST ASIAN STOCK MARKETS: AS AT 0343GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3251.9 3247.55 0.13
Bangkok 1719.31 1718.15 0.07
Manila 7809.64 7844.61 -0.45
Jakarta 6015.707 6042.65 -0.45
Kuala Lumpur 1817.33 1826.9 -0.52
Ho Chi Minh 990.34 995.19 -0.49
Change on year
Market Current End 2017 Pct Move
Singapore 3251.9 3402.92 -4.44
Bangkok 1719.31 1753.71 -1.96
Manila 7809.64 8558.42 -8.75
Jakarta 6015.707 6355.654 -5.35
Kuala Lumpur 1817.33 1796.81 1.14
Ho Chi Minh 990.34 984.24 0.62
(Reporting by Sumeet Gaikwad in Bengaluru; Editing by
Subhranshu Sahu)