SE Asia Stocks-Major markets up after Fed's dovish comments, inflows

jueves 19 de marzo de 2015 06:57 GYT

BANGKOK, March 19 (Reuters) - Major Southeast Asian stock
markets rose on Thursday as risk appetite returned to laggard
emerging stock markets following the U.S. Federal Reserve's
dovish comments on interest rates and economic recovery.
    Singapore's Straits Times Index gained 0.7 percent
to 3,386.16, rebounding from a near two-month closing low on
Wednesday, while Jakarta's composite index climbed 0.8
percent after Wednesday's slide to a near one-month low.
    Morgan Stanley expected a counter trend rally in emerging
equities and a pause in the Japan bull run near term, as
Wednesday's FOMC was clearly more dovish than the consensus
expected and the US dollar was correcting, its report said.
    In Asia ex Japan, it expected Singapore, among
yield-sensitive markets, to rally.
    Malaysia recorded a net foreign inflows of 241 million
ringgit ($65.2 million), Indonesia's net foreign inflows reached
490 billion rupiah, while Thailand saw 791 million baht ($24.2
million) and the Philippines 475 million peso ($10.6 million),
stock exchange data showed.
    World shares rose back towards all-time highs and a slump
then jump in the dollar triggered wild moves in currency markets
on Thursday, as investors priced in a later start and a slower
pace for future U.S. rate rises. 
    The Federal Reserve indicated it preferred a more gradual
path to normalising U.S. interest rates. It also downgraded its
economic growth and inflation projections, signalling it is in
no rush to push borrowing costs to more normal levels.
For Asian Companies click;  
For South East Asia Hot Stock reports, click;

 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3386.16       3361.75       +0.73
 Kuala Lumpur       1809.13       1797.57       +0.64
 Bangkok            1532.13       1531.50       +0.04
 Jakarta            5453.85       5413.15       +0.75
 Manila             7814.55       7756.58       +0.75
 Ho Chi Minh         573.74        578.68       -0.85
 Change on year
 Market             Current       End 2014    Pct Move
 Singapore          3386.16       3365.15       +0.62
 Kuala Lumpur       1809.13       1761.25       +2.72
 Bangkok            1532.13       1497.67       +2.30
 Jakarta            5453.85       5226.95       +4.34
 Manila             7814.55       7230.57       +8.08
 Ho Chi Minh         573.74        545.63       +5.15
 ($1 = 13,030.0000 rupiah)
(1 = 44.8300 Philippine pesos)
($1 = 3.7025 ringgit)
($1 = 32.7500 baht)

 (Reporting by Viparat Jantraprap; Editing by Anand Basu)