SE Asia Stocks - Mixed; Thai tourism shares plunge after Bangkok bombing

martes 18 de agosto de 2015 00:59 GYT
 

BANGKOK, Aug 18 (Reuters) - Southeast Asian stock markets
were mixed on Tuesday with oversold stocks in Singapore and
Malaysia rebounding, but selloffs in Thai tourism-related shares
after the deadly Bangkok bombing overshadowed hopes of a cabinet
reshuffle.
    Concerns over the outlook for the tourism industry prompted
investors to offload shares in hoteliers and aviation, sending
Airports of Thailand 6 percent lower and Central Plaza
Hotel down 4 percent. 
    Thai authorities have not ruled out any group, including
elements opposed to the military government, for a bomb blast in
Bangkok on Monday night that killed 22 people. 
    The benchmark SET index traded down 1.8 percent,
falling almost 3 percent at one point to 1,369.97, the lowest
since May 2014.
    Technical-led buying helped recoup early market losses while
a coming cabinet reshuffle lifted hopes about an acceleration in
government spending in the second half, said strategist Viwat
Techapoonphol of Tisco Securities.
    Thai Prime Minister Prayuth Chan-ocha said on Tuesday he had
chosen new cabinet members and submitted the names to the
country's king for approval. 
    "Expectations about the new team are quite positive," Viwat
added.
    Indexes in Singapore and Malaysia recovered
from recent losses amid selective buying in oversold shares such
as United Overseas Bank Ltd and Public Bank Bhd
.
    Indonesia's key stock index was down 1 percent after
weaker-than-expected trade data in June. 
    Stocks in the Philippines extended losses for a fifth
day and Vietnam fell for a sixth day while MSCI's
broadest index of Asia-Pacific shares outside Japan
 was down 0.3 percent. 
           
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SOUTHEAST ASIAN STOCK MARKETS
 Change at 0428 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3075.18       3067.35       +0.26
 Kuala Lumpur       1581.32       1572.54       +0.57
 Bangkok            1383.58       1408.74       -1.79
 Jakarta            4541.26       4585.39       -0.95
 Manila             7326.85       7336.84       -0.14
 Ho Chi Minh         572.71        573.15       -0.08
 
 (Reporting by Viparat Jantraprap; Editing by Sunil Nair)