February 7, 2017 / 10:07 AM / a year ago

SE Asia Stocks-Largely down on global uncertainty; Singapore up

By Suhail Hassan Bhat
    Feb 7 (Reuters) - Most Southeast Asian stock markets fell on
Tuesday, in line with global equities, as lack of details on
U.S. President Donald Trump's economic policies and geopolitical
concerns in Europe dented risk appetite.    
    "The policies of the Trump administration and what he's
planning to do with them are still unclear. The dollar index
rallied last night, but I think we're also following U.S.
markets which went down last night," said Mikey Macanaig, an
analyst with Sunsecurities Inc. 
    "Then again, the protectionist stance of Trump might also
affect the market."
    MSCI's broadest index of Asia-Pacific shares outside Japan
 was fractionally lower, while Japan's Nikkei
 closed down 0.35 percent. 
    European stocks declined after far-right National Front
Leader Marine Le Pen launched her bid for French presidency with
an anti-globalisation stand and intentions to take France out of
the European Union. 
    Meanwhile, data showed China's foreign exchange reserves
unexpectedly fell below the closely watched $3 trillion level in
January for the first time in nearly six years, creating fears
of devaluation of yuan. 
    Philippine shares fell 0.4 percent, underperforming
other regional markets, with industrials driving the losses. SM
Investments Corp dropped 2.2 percent.
    Consumer prices hit their highest in more than two years in
January, due to higher water and energy costs among other
commodities, the statistics agency said. 
    Thai shares snapped two sessions of gains ahead of
the central bank's policy meeting on Wednesday, where it is
likely to leave its policy rate unchanged near record lows.
    Losses were led by energy and material stocks with petroleum
products distributor RPCG Pcl losing over 3 percent in
heavy trading. 
    Indorama Ventures Pcl fell over 3 percent in its
worst session in three weeks.
    Indonesian shares fell 0.3 percent with
Telekomunikasi Indonesia (Persero) withering 1
    Bucking the trend, Singapore shares rose 0.5 percent,
helped by financials, with Oversea-Chinese Banking Corp Ltd
 touching a 1-1/2 year intraday high.
    Vietnam shares rose 0.3 percent, while Malaysia
 declined 0.1 percent.
For Asian Companies click;  


  Market          Current      Previous    Pct Move
  Singapore       3071.64      3056.91     0.48
  Bangkok         1582.52      1589.13     -0.42
  Manila          7262.64      7294.4      -0.44
  Jakarta         5381.475     5395.995    -0.27
  Kuala Lumpur    1688.84      1691.24     -0.14
  Ho Chi Minh     701.91       700.04      0.27
  Change this                              
  Market          Current      End 2016    Pct Move
  Singapore       3071.64      2880.76     6.63
  Bangkok         1582.52      1542.94     2.57
  Manila          7262.64      6840.64     6.17
  Jakarta         5381.475     5296.711    1.60
  Kuala Lumpur    1688.84      1641.73     2.87
  Ho Chi Minh     701.91       664.87      5.57
 (Reporting by Suhail Hassan Bhat; Additional Reporting by Hanna
Paul; Editing by Subhranshu Sahu)
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