SE Asia Stocks-Most down; Philippine index bucks trend

martes 15 de marzo de 2016 07:00 GYT

BANGKOK, March 15 (Reuters) - Most Southeast Asian stock
markets fell on Tuesday tracking Asian equities after the Bank
of Japan painted a gloomier view of the world's third-largest
economy, but foreign-led buying kept regional losses small.
    Singapore's Straits Times Index eased 0.3 percent
after a rally on Monday to a 2-1/2 month closing high. The Thai
SET index fell 0.8 percent, reversing a two-day winning
    The Jakarta composite index retreated from a near
8-month closing high hit the day before, with Indonesia's
central bank set to meet Thursday to review its monetary policy.
    Stocks in Malaysia and Vietnam posted their
first decline in four trading days.
    The Malaysian bourse said it recorded a net foreign buying
in fifteen successive trading days to Tuesday, worth a combined
2.6 billion ringgit ($629.24 million).
    Franklin Templeton's Mark Mobius said Malaysia's currency
 is undervalued by 28 percent, which makes the country
an attractive prospect for investors looking at Southeast Asian
    Stocks in Asia, as measured by MSCI's broadest index of
Asia-Pacific shares outside Japan, slipped 1.3
percent after three days of gains, with attention turning to a
two-day meeting of the U.S. Federal Reserve's rate-setters.
    Several sharemarkets in Southeast Asia, including Indonesia
and the Philippines, continued reporting inflows on Tuesday as
expectations the Fed may defer an interest rate hike from the
meeting this week lifted risk sentiment, according to brokers.
    The Philippine index bucked the trend to rise 0.5
percent amid inflows into shares of Philippine Long Distance
Telephone and Globe Telecom after San Miguel
Corp and Telstra Corp ended joint venture
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  Change on the day                                             
  Market                    Current     previous close  Pct Move
  Singapore                 2839.44     2847.06         -0.27
  Bangkok                   1382.93     1394.27         -0.81
  Manila                    7148.26     7112.89         0.50
  Jakarta                   4849.781    4877.531        -0.57
  Kuala Lumpur              1690.92     1700.31         -0.55
  Ho Chi Minh               574.04      577.98          -0.68
  Change so far this year                               
  Market                    Current     End prev yr     Pct Move
  Singapore                 2839.44     2882.73         -1.50
  Bangkok                   1382.93     1288.02         7.37
  Manila                    7148.26     6952.08         2.82
  Jakarta                   4849.781    4593.008        5.59
  Kuala Lumpur              1690.92     1692.51         -0.09
  Ho Chi Minh               574.04      579.03          -0.86
 ($1 = 4.1320 ringgit)

 (Reporting by Viparat Jantraprap; Editing by Sunil Nair)