SE Asia Stocks-Most fall; Thai small business measures lend support

martes 8 de septiembre de 2015 02:41 GYT

BANGKOK, Sept 8 (Reuters) - Southeast Asian stock markets
mostly fell on Tuesday as a slump in China's August imports
raised fears of a more severe slowdown in the world's second
biggest economy, while the Thai benchmark hit a near one-week
low as large-cap banks traded ex-dividend.
    China's imports in August shrank for a 10th consecutive
month, falling 13.8 percent, far more than the 8.2 percent
expected in a Reuters poll, after an 8.1 percent decline in
July, reflecting both lower global commodity prices and
persistently sluggish demand at home. 
    The Thai key SET index was down 0.6 percent at
1,362.77, the lowest since Sept. 2.
    Banking shares were mixed, with Bangkok Bank and
Kasikornbank among the decliners.
    Krung Thai Bank rose on expectations the state-run
lender would benefit from government measures to help small and
medium businesses.  
    Brokers however said a new batch of stimulus measures would
only be a short-term boost.
    "In our view, these measures would only be a short-term help
to keep SMEs afloat and may not yet provide a significant boost
to the overall economy," said strategists at broker Phillip
    Indexes in Singapore, Malaysia, Indonesia
 and the Philippines all extended their slides for
a third straight day.
    Bucking the trend, Vietnam's key stock index rose
1.09 percent after a slight correction in the previous session,
with most big-caps gaining, led by banks. 
    Asian stocks rose on Tuesday after a six-day losing streak
and the dollar firmed against the safe-haven Japanese yen, but
gains were capped on China's August import data. 
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 Change at 0606 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          2831.70       2852.41       -0.73
 Kuala Lumpur       1579.38       1582.85       -0.22
 Bangkok            1362.77       1371.40       -0.63
 Jakarta            4283.17       4301.37       -0.42
 Manila             6864.96       6926.82       -0.89
 Ho Chi Minh         560.99        554.93       +1.09
 (Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)