Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    63,037.57
    -1,285.19 (-2.00%)
     
  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • Dow

    38,239.66
    +153.86 (+0.40%)
     
  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     
  • Gold

    2,349.60
    +7.10 (+0.30%)
     
  • Crude Oil

    83.66
    +0.09 (+0.11%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

SE Asia Stocks-Most markets rise; Singapore adds nearly 1.5 pct

* Thailand climbs for third session

* Vietnam falls for second session

By Karthika Suresh Namboothiri

July 10 (Reuters) - Most Southeast Asian stock markets

extended gains on Tuesday, after hopes of upbeat earnings helped

Wall Street post solid gains overnight, fanning optimism through

broader Asia.

"We are pretty much having a relief rally after the trade

tariffs were implemented last week. I think we are seeing some

short-covering or portfolio re-positioning as investors prepare

for the upcoming slew of results announcements," said Liu

Jinshu, director of research at NRA Capital in Singapore.

"As macroeconomic data has been robust, such as the U.S.

ADVERTISEMENT

Manufacturing PMI, there is the potential of earnings being

generally better in 2Q 2018."

Asian shares outside Japan climbed before

reversing course, as anxieties about the Sino-U.S. trade war

recast their long shadow over investor sentiment.

Singapore shares rose 1.4 percent, extending gains

into a second session and posting their two-week closing high.

Bankers DBS Group Holdings climbed 2.3 percent and

Oversea-Chinese Banking Corp rose 2.2 percent.

Indonesian shares climbed for a second straight

session and closed 1.3 percent higher, helped by material

stocks. Paper products maker Indah Kiat Pulp was up

6.1 percent, while Unilever Indonesia ended 1.6

percent higher.

Philippine shares added 0.7 percent, boosted by

financials. Bank of the Philippine Islands and Ayala

Corp rose 2.3 percent and 2 percent, respectively.

Meanwhile, data showed trade deficit widened in May to a

five-month high as exports fell while imports continued to grow

at a slower annual pace.

Thailand shares rose for a third straight session

and closed 1.3 percent higher, with energy stocks at the helm.

Gas supplier PTT Public Co Ltd gained 3.7 percent,

boosted by higher oil prices on escalating concerns about

potential supply shortages.

Malaysian shares ended 0.9 percent higher. Sime

Darby Bhd and telecommunication company Maxis Bhd

gained about 2.5 percent each.

Vietnam shares slipped for a second consecutive

session, dragged by real estate stocks. Vingroup Joint Stock Co

shed 1.9 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3274.83 3228.82 1.42

Bangkok 1643.6 1622.96 1.27

Manila 7233.29 7186.62 0.65

Jakarta 5881.76 5807.375 1.28

Kuala Lumpur 1687.13 1672.63 0.87

Ho Chi Minh 911.12 915.12 -0.44

Change on year

Market Current End 2017 Pct Move

Singapore 3274.83 3402.92 -3.76

Bangkok 1643.6 1753.71 -6.28

Manila 7233.29 8558.42 -15.48

Jakarta 5881.76 6355.654 -7.46

Kuala Lumpur 1687.13 1796.81 -6.10

Ho Chi Minh 911.12 984.24 -7.43

(Reporting by Karthika Suresh Namboothiri; Editing by

Subhranshu Sahu)