SE Asia Stocks-Most rise; Philippines rebounds after 7 losing sessions
* Philippines posts biggest pct gain in 3 months
* Singapore falls to lowest since October
* Asian shares ex-Japan edge lower
By Ambar Warrick
June 25 (Reuters) - Most Southeast Asian stock markets rose
on Monday, with the Philippines bouncing back after a
seven-session losing streak, while Singapore fell to its lowest
in more than eight-and-a-half months.
MSCI's broadest index of Asia-Pacific shares outside Japan
fell 0.2 percent after a Wall Street Journal
report that U.S. President Donald Trump planned to bar many
Chinese companies from investing in U.S. technology firms and
block additional technology exports to China.
Philippine shares surged as much as 2.5 percent in
early trade, marking their biggest intraday percentage gain
since late-March.
Industrial and real estate stocks were the best performers
on the index, with SM Investments Corp rising 1 percent
and SM Prime Holdings Inc up 2.1 percent.
Vietnam shares also rose, building on Friday's gains,
as financials and real estate stocks led the charge.
Vietnam Joint Stock Commercial Bank for Industry and Trade
rose about 2.5 percent, while property developer
Vinhomes JSC climbed about 1 percent.
Indonesian shares edged up about 0.4 percent, led by
consumer discretionary and real estate stocks.
Indonesia's trade deficit is seen narrowing in May due to a
slowdown in imports, a Reuters poll showed. The country, which
is a large exporter of raw materials, is also expected to post
an increase in its May exports, with data due later in the day.
The index of the country's 45 most liquid stocks
rose about 0.2 percent.
Meanwhile, Singapore shares fell to their lowest
since October, set to extend losses into a third straight
session, with lenders DBS Group and Oversea-Chinese
Banking Corp losing more than 1 percent each.
Inflation rate in the island state is expected to have
inched up in May from the previous month, a Reuters poll showed.
The country, which is due to report its May inflation figures
later in the day, has been struggling with lukewarm inflation
stemming from subdued domestic demand.
"Before one starts to feel jittery about the return of
negative inflation, it pays to note that factors weighing down
on inflation are largely domestic while external price pressure
is brewing," DBS said in a research note.
"Expect inflation to start heading higher from 2H18
onwards."
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SOUTHEAST ASIAN STOCK MARKETS
STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3266.43 3287.4 -0.64
Bangkok 1644.62 1634.98 0.59
Manila 7133.25 7063.2 0.99
Jakarta 5843.905 5821.812 0.38
Kuala Lumpur 1693.82 1694.15 -0.02
Ho Chi Minh 991.52 983.17 0.85
Change in 2018
Market Current End 2017 Pct Move
Singapore 3266.43 3402.92 -4.01
Bangkok 1644.62 1753.71 -6.22
Manila 7133.25 8558.42 -16.65
Jakarta 5843.905 6355.654 -8.05
Kuala Lumpur 1693.82 1796.81 -5.73
Ho Chi Minh 991.52 984.24 0.74
(Reporting by Ambar Warrick in Bengaluru; Editing by Amrutha
Gayathri)