September 11, 2017 / 10:12 AM / 10 months ago

SE Asia Stocks-Most end higher as North Korea holds fire

    By Chris Thomas
    Sept 11 (Reuters) - Most Southeast Asian stock markets ended
higher on Monday on relief that North Korea did not conduct
further missile tests when it celebrated its founding
anniversary on Saturday.
    The United States and its allies had been bracing for
another long-range missile launch following multiple such
launches in recent weeks that heightened tensions globally.
    "With North Korea seemingly holding back on its ICBM test
for now, there is a small degree of risk relief in the market,
resulting in the paring of long positions in safe havens,"
Mizuho Bank said in a note.
    In Southeast Asia, Vietnam shares hit a 9-1/2-year
peak before reversing their course to finish 0.5 percent lower,
snapping a seven-session winning streak.     
    Real estate company Vingroup JSC and oil and gas
refiner Petrovietnam Gas Joint Stock Corp were the main
losers, shedding 2.6 percent and 1.9 percent, respectively.   
    Philippine shares closed 0.3 percent higher after
hitting a more than three-week intraday high earlier. Index
heavyweight SM Investments led the gains, rising 1.3
    Malaysian shares ended slightly higher after data
showed industrial production in July expanded at its
fastest pace in eight months, boosted by gains in all three
major sectors - manufacturing, electricity and mining.

    Meanwhile, the country's palm oil stockpiles climbed again
in August, but did not breach the 2 million tonne mark due to
stronger-than-expected exports of the commodity.
    Indonesian shares rose 0.3 percent to post their
highest close since Aug. 30. Astra International Tbk PT
 rose 1 percent, while property developer Metropolitan
Kentjana Tbk PT climbed 10.2 percent to a record
    An index of Indonesia's 45 most liquid stocks rose
0.1 percent.
    Thai shares closed slightly higher, extending gains
into an eighth session and posting their highest close since May
2013. Airports of Thailand PCL was the biggest boost,
climbing 2.7 percent to a record close.
For Asian Companies click;  
 Market          Current     Previous Close  Pct Move
 Singapore       3228.51     3228.56         0.00
 Bangkok         1637.54     1635.61         0.12
 Manila          8049.31     8022.75         0.33
 Jakarta         5871.881    5857.119        0.25
 Kuala Lumpur    1782.74     1779.9          0.16
 Ho Chi Minh     797.47      801.2           -0.47
 Change on year                               
 Market          Current     End 2016        Pct Move
 Singapore       3228.51     2880.76         12.07
 Bangkok         1637.54     1542.94         6.13
 Manila          8049.31     6840.64         17.67
 Jakarta         5871.881    5296.711        10.86
 Kuala Lumpur    1782.74     1641.73         8.59
 Ho Chi Minh     797.47      664.87          19.94

 (Reporting by Chris Thomas in Bengaluru)
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