SE Asia Stocks-Fall ahead of U.S. jobs data; Indonesia down 1 pct

jueves 1 de septiembre de 2016 06:06 GYT

By Geo  Tharappel
    Sept 1 (Reuters) - Southeast Asian stock markets fell on
Thursday as investors adopted a wait-and-see approach ahead of
the U.S. jobs report that could provide clues about the timing
of a rate hike by the Federal Reserve.
    U.S. nonfarm payrolls data due on Friday remained the key
market focus after Fed Vice Chair Stanley Fischer said the data
would be a factor as to when the central bank raises interest
    "People are waiting for the data tomorrow.. Jobs data has
been improving over the past few months... Don't see any reason
why it will reverse," said Joseph Roxas, president at
Philippines-based Eagle Equities Inc.
    Employers are expected to have added 180,000 jobs in August,
according to the median estimate of 89 economists polled by
    Indonesian shares ended 1 percent lower after
falling as much as 1.2 percent to their lowest in more than two
weeks, led by utilities and consumer cyclicals.
    State-run gas distribution company PT Perusahaan Gas Negara
 was the third biggest decliner after reporting a 33
percent drop in its January-June profit.
    Foreigners are net selling Indonesian equities and that is
why markets are down, said Taye Shim, head of research at Daewoo
Securities Indonesia, adding that this was likely to continue.
    Philippine shares recovered from a two-month low hit
earlier in the session to close marginally lower, their seventh
straight session of losses, with financials leading the losses.
SM Prime Holdings Inc posted its biggest intraday
percentage loss in more than three months. 
    Vietnam shares recorded their biggest intraday
percentage loss in close to four weeks, while Singapore shares
 reversed earlier gains to close marginally lower. 
    Asian markets excluding Japan fell, with MSCI's broadest
index down 0.3 percent.
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  STOCK MARKETS                                                
  Change on the day                                            
  Market                   Current       Prev close   Pct Move
  Singapore                2816.47       2820.59      -0.15
  Bangkok                  1539.71       1548.44      -0.56
  Manila                   7773.31       7787.37      -0.18
  Jakarta                  5334.547      5386.082     -0.96
  Kuala Lumpur             1670.55       1678.06      -0.45
  Ho Chi Minh              669.19        674.63       -0.81
  Change this year                                    
  Market                   Current       End 2015     Pct Move
  Singapore                2816.47       2882.73      -2.30
  Bangkok                  1539.71       1288.02      19.54
  Manila                   7773.31       6952.08      11.81
  Jakarta                  5334.547      4593.008     16.14
  Kuala Lumpur             1670.55       1692.51      -1.30
  Ho Chi Minh              669.19        579.03       15.57

 (Reporting by Geo Tharappel in Bengaluru; Editing by Subhranshu