SE Asia Stocks - Fall ahead of Fed meet, Indonesia at 3-month low

martes 28 de abril de 2015 02:55 GYT

BANGKOK, April 28 (Reuters) - Southeast Asian stock markets
mostly fell on Tuesday amid caution in Asia ahead of the Federal
Reserve's two-day policy meeting, with Indonesia extending
losses on disappointing earnings while Thai shares slipped after
weak trade data.
    Jakarta's composite index was down 1.0 percent after
a 3.5 percent drop on Monday, taking its year-to-date loss to
0.7 percent. It traded at 5,192.76, the lowest since Jan. 21
    Shares of PT Astra International Tbk were down 1
percent amid foreign-led selling following its report of a
first-quarter earnings decline. 
    Bangkok's SET index was down 1 percent at 1,533.33,
the lowest since April 3.
    Thai exports fell for a third month in March, suggesting
Southeast Asia's second-largest economy will post a quarterly
contraction in the first three months of the year as a key
engine of growth fails to fire up. 
    Interest rate-sensitive stocks led among losers as investors
trimmed positions ahead of a rate decision by the monetary
policy committee on Wednesday. 
    Property developer Land & Houses Pcl shed 2 percent
and lender Kasikornbank eased 0.9 percent.
    "Foreigners should slow down investment as they await the
MPC meeting," said broker Maybank Kim Eng Securities in a
    Asian stocks pulled back from a seven-year peak scaled on
Tuesday as sentiment gave way to caution ahead of the Federal
Reserve's two-day policy meeting scheduled to start later in the
    Singapore's index, which hit a more-than-one-week closing
high on Monday, eased 0.6 percent. Malaysia fell for a
second day, down 0.3 percent, and the Philippines 
declined 1 percent after three straight days of gains.
    Vietnam is closed Tuesday through Friday for national
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 Change on day
 Market             Current     Prev Close    Pct Move
 Singapore          3496.05       3515.85       -0.56
 Kuala Lumpur       1853.89       1859.58       -0.31
 Bangkok            1533.33       1548.83       -1.00
 Jakarta            5192.76       5245.45       -1.00
 Manila             7871.96       7958.07       -1.08
 (Reporting by Viparat Jantraprap; Editing by Sunil Nair)