June 13, 2017 / 5:11 AM / a year ago

SE Asia Stocks-Edge up, investors await Fed outcome

    By Shashwat Pradhan
    June 13 (Reuters) - Most Southeast Asian stock markets eked
out gains on Tuesday as investors took a cautiously optimistic
stance ahead of a U.S. Federal Reserve policy meeting that could
provide cue on the pace of rate hikes in the months to come.
    A poll of 100 economists conducted last week showed the Fed
was certain to push interest rates up by 25 basis points to 1.00
percent-1.25 percent at its June 13-14 meeting.
    However, the conviction for a move beyond a widely expected
rise this month has faded for many forecasters along with the
outlook for inflation for most. (For a graphic on the Fed: reut.rs/2sawFta)
    "(We) expect Asian bourses to continue to tread water with a
topping of caution ahead of the Federal Open Market Committee
(FOMC)," OCBC Bank said in a note.
    The positive sentiment across the region was also supported
by oil prices which edged up in early trade, following
statements that OPEC leader Saudi Arabia was making significant
supply cuts to customers.
    Singapore shares were up, rebounding from Monday's
decline on the back of gains in the city-state's "big three"
    Advancing issues barely outnumbered declining ones by 1.34
to 1.
    The final first-quarter jobless rate was revised downwards
from the preliminary estimate of 2.3 percent, according to
unemployment data released by the Ministry of
    Thai shares rose, underpinned by gains in materials
and financials, while Indonesian shares inched up with
financials and consumer staples driving the gains after Moody's
changed its outlook for the country's banking system to
"positive" from "stable" as it expects banks to see improvements
in their operating environment and asset quality.
    Bucking the trend, Philippine shares fell half a
percent with industrial and real estate stocks together
accounting for about two-thirds of the falls.    
For Asian Companies click;  

  Market                   Current       previous     Pct Move
  Singapore                3258.83       3248.34      0.32
  Bangkok                  1566.84       1563.81      0.19
  Manila                   7941.46       7990.24      -0.61
  Jakarta                  5699.247      5691.436     0.14
  Kuala Lumpur             1789.7        1788.89      0.05
  Ho Chi Minh              752.36        751.09       0.17
  Change so far this year                             
  Market                   Current       End 2016     Pct Move
  Singapore                3258.83       2880.76      13.12
  Bangkok                  1566.84       1542.94      1.55
  Manila                   7941.46       6840.64      16.09
  Jakarta                  5699.247      5296.711     7.60
  Kuala Lumpur             1789.7        1641.73      9.01
  Ho Chi Minh              752.36        664.87       13.16

 (Reporting by Shashwat Pradhan in Bengaluru; Editing by
Subhranshu Sahu)
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