SE Asia Stocks- Subdued as investors await U.S. jobs data

miércoles 31 de agosto de 2016 06:23 GYT
 

By Geo  Tharappel
    Aug 31 (Reuters) - Southeast Asian stock markets were
subdued on Wednesday as nervous investors kept to the sidelines
ahead of upcoming U.S. jobs data that could nudge the Federal
Reserve into raising interest rates as early as September.
    Fed Vice Chairman Stanley Fischer said on Tuesday that the
jobs data could influence any rate decision in the near
term. 
    Also, data on Tuesday showed U.S. consumer confidence at an
11-month high in August, with households more upbeat about the
labour market. 
    "Everybody is waiting for this Friday... (U.S. jobs data)
will probably give more signals whether the Fed will hike rates
in September," said Ong Kian Lin, head of research at
Singapore-based RHB Securities.
    Philippine shares fell as much as 1.12 percent to a
two-month low before closing flat, posting a sixth session of
falls.
    Consumer cyclicals lost the most with SM Investments Corp
 falling 1.02 percent. 
    Indonesian shares recouped marginal losses to end
0.4 percent higher led by consumer staples and financials, and
were up 3.26 percent on the month.
    Bank Rakyat Indonesia (Persero) Tbk PT rose as
much as 2.17 percent, recording its biggest intraday percentage
gain in more than three weeks.
    "JCI will probably remain mixed for the remainder of the
week," Jakarta-based Trimegah Securities said in a note.
    A Reuters poll showed that Indonesia's annual inflation in
August, due on Thursday, likely dropped to its lowest level
since December 2009. 
    Thai shares closed slightly higher led by consumer
staples and industrials, largely shrugging off data that showed
a fall in private consumption in July. 
    The index gained 1.49 percent on the month.
    The Malaysian stock market was closed for a holiday.
    
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SOUTHEAST ASIAN STOCK MARKETS
  STOCK MARKETS                                           
  Change on the day                                       
  Market               Current       Prev close  Pct Move
  Singapore            2820.59       2828.39     -0.28
  Bangkok              1548.44       1546.13     0.15
  Manila               7787.37       7794.93     -0.10
  Jakarta              5386.082      5362.316    0.44
  Ho Chi Minh          674.63        672.67      0.29
                                                 
  Change this year                               
  Market               Current       End 2015    Pct Move
  Singapore            2820.59       2882.73     -2.16
  Bangkok              1548.44       1288.02     20.22
  Manila               7787.37       6952.08     12.01
  Jakarta              5386.082      4593.008    17.27
  Ho Chi Minh          674.63        579.03      16.51
 
 (Reporting by Geo Tharappel in Bengaluru; Editing by Sunil
Nair)