SE Asia Stocks -Down on energy shares; Singapore weak ahead of holidays

jueves 6 de agosto de 2015 04:26 GYT

BANGKOK, Aug 6 (Reuters) - Southeast Asian stock markets
fell on Thursday, led down by energy-related stocks, with
Malaysian index sliding to a near one-week low and Singapore's
index drifting lower in range-bound trade ahead of a four-day
    Top losers in Malaysia and Singapore included shares of
electric utility Tenaga Nasional Bhd and oil and gas
service firm Keppel Corp as global oil prices hovered
near multi-month lows. 
    Kuala Lumpur composite index was down 1.4 percent at
the lowest level since July 31, an underperformer in the region.
    A fall in the ringgit to a fresh 17-year low helped
cast gloom over investment sentiment. 
    Singapore's key Straits Times Index traded a tad
lower after early modest gains. The city-state bourse will be
closed from Friday through Monday for public holidays.
    "Some diehards could still be hoping for a National Day
rally of sorts but we think this is unlikely given the lack of
positive factors and current cautious mood," said
Singapore-based broker NRA Capital.
    Rising risk aversion in the region also reflected the
backdrop of a possible interest rate hike in the United States.
Asian shares were mostly down after comments from a Fed governor
boosted confidence in the economy and fanned expectations of a
interest rate hike in September. 
    Indexes in Thailand and Indonesia retreated
while the Philippines declined for the first time in
seven trading days.
    Vietnam's key index was down 1 percent. It traded
higher in early hours, with gains in some big-caps cushioning
falls in most other shares. 
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 Changes at 0805 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3187.92       3191.39       -0.11
 Kuala Lumpur       1701.78       1725.56       -1.38
 Bangkok            1431.96       1436.36       -0.31
 Jakarta            4820.78       4850.53       -0.61
 Manila             7589.95       7662.55       -0.95 
 Ho Chi Minh         601.04        607.08       -0.99
 (Reporting by Viparat Jantraprap; Editing by Gopakumar Warrier)