SE Asia Stocks - Malaysia's index posts worst drop since December

jueves 6 de agosto de 2015 07:25 GYT

BANGKOK, Aug 6 (Reuters) - Malaysian shares posted their
worst drop in nearly eight months on Thursday due to a fall in
the ringgit and foreign-led selling, while most other markets in
Southeast Asia fell as investors weighed in the risk of a
possible U.S. interest rate hike.
    The Kuala Lumpur composite index dropped 1.8
percent, the biggest single-day loss since December 2014. The
Malaysian bourse said foreign investors unloaded a net 261
million ringgit ($67 million) on the day.
    The ringgit weakened past 3.9000 per dollar on Thursday for
the first time since the Asian financial crisis 17 years ago as
concern grew over a corruption scandal embroiling the prime
minister and weakness in commodity prices. 
    Indexes in Thailand and Indonesia reversed
their previous day's gains, while the Philippines snapped
a six-day winning streak, reflecting the heightened expectations
of a possible interest rate hike in the United States.
    Vietnam's benchmark VN Index closed almost 1 percent
lower, with most shares losing ground after a swift rebound in
the previous session. 
    Singapore finished up 0.17 percent in a range-bound
session. The city-state's stock market will be closed from
Friday through Monday.    
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3196.66       3191.39       +0.17
 Kuala Lumpur       1694.64       1725.56       -1.79
 Bangkok            1430.58       1436.36       -0.40
 Jakarta            4806.56       4850.53       -0.91
 Manila             7589.95       7662.55       -0.95
 Ho Chi Minh         601.04        607.08       -0.99
 Change on year
 Market             Current       End 2014    Pct Move
 Singapore          3196.66       3365.15       -5.01
 Kuala Lumpur       1694.64       1761.25       -3.78
 Bangkok            1430.58       1497.67       -4.48
 Jakarta            4806.56       5226.95       -8.04
 Manila             7589.95       7230.57       +4.97
 Ho Chi Minh         601.04        545.63      +10.16
 ($1 = 3.9040 ringgit)

 (Reporting by Viparat Jantraprap; Editing by Prateek