6 de enero de 2017 / 10:14 / en 10 meses

SE Asia Stocks-Gain as risk appetite for emerging markets returns

By Geo  Tharappel
    Jan 6 (Reuters) - Southeast Asian stock markets ended higher
on Friday, as uncertainty over incoming President Donald Trump's
policies weighed on the dollar and U.S. bond yields, boosting
risk appetite for emerging markets.
    The dollar's index against a basket of six major currencies
 regained some ground after shedding more than 2 percent
overnight, while 10-year U.S. Treasuries yield 
slumped to a one-month low.   
    "Trump's policies are likely to affect sentiment in Asian
markets, but not local economies as they are quite resilient"
said Grace Aller, an analyst with AP Securities.
    Trump's victory had sparked expectations of tax cuts, fiscal
spending and deregulation, sending U.S. bond yields and dollar
higher, while prompting capital outflows from emerging markets. 
  
    Malaysian stocks gained 0.9 percent to an over
two-month high, led by telecom and financial stocks as foreign
investors net bought shares worth 136.4 million ringgit. The
index gained 2.1 percent on the week. 
    Top lenders CIMB Group Holdings Bhd and Public
Bank Bhd hit over one-month highs while Axiata Group
Bhd jumped 6.0 percent to a two-month high. 
    Philippine shares ended 0.5 percent higher, led by
industrial and real estate stocks. The index gained 6.0 percent
on the week, its biggest weekly gain since May 13, 2016.
    "Philippines is expected to outperform its Asian peers, so
foreign buying has been high," Aller said.
    Conglomerate Aboitiz Equity Ventures Inc gained 3.2
percent while Ayala Land Inc added 1 percent.
    Vietnam shares closed 0.6 percent up with Saigon Beer
Alcohol Beverage Corp and Vietcombank lifting
the index higher. The index rose 2.3 percent on the week.
    Singapore gained  2.8 percent on the week, Indonesia
 added 1 percent and Thailand rose 1.9 percent.
    
    
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SOUTHEAST ASIAN STOCK MARKETS
  STOCK MARKETS                                             
  Change on the day                                         
  Market             Current        prev close    Pct Move
  Singapore          2962.63        2954.14       0.29
  Bangkok            1571.48        1571.05       0.03
  Manila             7248.2         7209.44       0.54
  Jakarta            5347.022       5325.504      0.40
  Kuala Lumpur       1675.49        1659.82       0.94
  Ho Chi Minh        679.8          675.81        0.59
                                                  
  Change this year                                
  Market             Current        End 2016      Pct Move
  Singapore          2962.63        2880.76       2.84
  Bangkok            1571.48        1542.94       1.85
  Manila             7248.2         6840.64       5.96
  Jakarta            5347.022       5296.711      0.95
  Kuala Lumpur       1675.49        1641.73       2.06
  Ho Chi Minh        679.8          664.87        2.24
 
 (Reporting by Geo Tharappel in Bengaluru, Additional reporting
by Ambar Warrick; Editing by Vyas Mohan)

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