August 30, 2017 / 10:17 AM / a year ago

SE Asia Stocks-Largely up as N.Korea tensions abate

    By Chandini Monnappa
    Aug 30 (Reuters) - Most Southeast Asian stock markets ended
higher on Wednesday, reversing losses from the day before and in
line with Asia and Europe, as the threat of no new sanctions on
North Korea following its ballistic missile test calmed jittery
    The 15-member U.N. Security Council said North Korea should
take immediate and concrete actions to reduce tensions, but the
U.S.-drafted statement, which was agreed by consensus, did not
threaten new sanctions.    
    Most regional markets are higher due to receding fears of
hostilities in the Korean peninsula, said Manny Cruz, an analyst
with Manila-based Asiasec Equities Inc.
    In Southeast Asia, Malaysian shares closed 0.7
percent higher, helped by upbeat earnings from major companies.
    Malayan Banking Bhd, Malaysia's largest bank by
assets, gained 0.4 percent after it reported a 43 percent rise
in quarterly net profit. The country's biggest mobile operator
Axiata Group climbed to its highest in two months
after its quarterly profit surged.
    Singapore shares climbed 0.6 percent, with financials
accounting for half of the gains on the index.
    Index heavyweights DBS Group and Oversea-Chinese
Banking Corporation were up 1.2 percent and 0.7
percent, respectively.
    Vietnam closed at its highest in three weeks, with
real estate company Vingroup JSC hitting a record
closing high. 
    Indonesia ended 0.3 percent lower, with clove
cigarettes manufacturer Gudang Garam Tbk falling 3.7
    The Thai index finished marginally lower, after
earlier rising 0.8 percent, its highest in more than four years.
    Asia shares ex-Japan were up 0.6 percent as
of 1004 GMT.
For Asian Companies click;  

  Market             Current     previous close   Pct Move
  Singapore          3265.26     3249.34          0.49
  Bangkok            1613.34     1614.14          -0.05
  Manila             7956.73     7948.39          0.10
  Jakarta            5872.506    5888.212         -0.27
  Kuala Lumpur       1773.16     1761.14          0.68
  Ho Chi Minh        778.65      774.03           0.60
  Change on year                                  
  Market             Current     End 2016         Pct Move
  Singapore          3265.26     2880.76          13.35
  Bangkok            1613.34     1542.94          4.56
  Manila             7956.73     6840.64          16.30
  Jakarta            5872.506    5296.711         10.87
  Kuala Lumpur       1773.16     1641.73          8.01
  Ho Chi Minh        778.65      664.87           17.1

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Biju
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