SE Asia Stocks -Rise, Thai index at 2-month high
BANGKOK, Oct 15 (Reuters) - Southeast Asian stock markets rose on Thursday as hopes of a delay in Fed rate hike brought foreign inflows to the region, bringing the Thai index to a more than two-month high and helping most other regional indexes recoup some recent losses. The SET index rose 1.4 percent to 1,425.32, its highest close since Aug. 7. Shares of banks outperformed, led by Bank of Ayudhya, ahead of quarterly results next week. Foreign investors bought shares worth a net 918 million baht ($26.1 million) after selling offs on Wednesday and Tuesday. Shares in the Philippines recovered from a near two-week closing low on Wednesday. Indonesia and Malaysia both finished higher on resuming trade after a market holiday on the day before. Stock exchange data showed foreigners purchased Philippine shares a net 68.1 million peso ($1.49 million) and bought Malaysian shares worth a net 48.25 million ringgit ($11.71 million). Singapore rose 1 percent, recouping some of the losses over the past two trading sessions. Vietnam closed 0.41 percent higher, led by banks and energy firms with impact of a government disinvestment plan still visible. Global equity markets slid for a second day and the dollar sank to a seven-week low on Wednesday as weak U.S. retail sales and a drop in producer prices boosted expectations the Federal Reserve will not raise interest rates until next year. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Prev Close Pct Move Singapore 3015.14 2983.92 +1.05 Kuala Lumpur 1713.25 1711.14 +0.12 Bangkok 1425.32 1405.08 +1.44 Jakarta 4507.19 4483.08 +0.54 Manila 7045.40 6924.77 +1.74 Ho Chi Minh 592.40 589.98 +0.41 Change on year Market Current End 2014 Pct Move Singapore 3015.14 3365.15 -10.40 Kuala Lumpur 1713.25 1761.25 -2.73 Bangkok 1425.32 1497.67 -4.83 Jakarta 4507.19 5226.95 -13.77 Manila 7045.40 7230.57 -2.56 Ho Chi Minh 592.40 545.63 +8.57 ($1 = 35.2000 baht) ($1 = 45.7700 Philippine pesos) ($1 = 4.1200 ringgit) (Reporting by Viparat Jantraprap; Editing by Gopakumar Warrier)
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