July 1, 2019 / 9:54 AM / a year ago

SE Asia Stocks-End firmer as Sino-U.S. trade truce whets risk appetite

    * Vietnam, Singapore lead gains, both rise over 1.5% 
    * Thailand's June headline inflation falls below c.bank
    * Vietnam's June manufacturing activity rises, new orders

    By Rashmi Ashok
    July 1 (Reuters) - Southeast Asian stock markets ended
firmer on Monday, after weeks of volatile trade, as an agreement
by the United States and China to restart trade talks after
President Donald Trump offered concessions revived risk
    Trump said on Saturday talks with China were "right back on
track", putting new tariffs on hold, while Beijing agreed to
make unspecified new purchases of U.S. farm products and restart
    The comments on the sidelines of the G20 summit in Japan
were seen as better than expected, boosting regional stocks
despite a barrage of largely subdued data. 
    "We didn't have high expectations for the G20 meetings. What
we got was realistically about as good as we thought likely,"
ING said in a note.
    Singapore stocks rebounded from previous session's
decline to end 1.5% firmer. Lenders DBS Group Holdings
and United Overseas Bank added 2.5% and 1.8%,
    Indonesian stocks ended at their highest since April
30, boosted by telco giant Telekomunikasi Indonesia Tbk
, which closed up 1.9%.
    The country's annual inflation rate slowed in June from a
month earlier, but was slightly faster than expected, data
showed on Monday.
    Malaysian stocks ended higher despite data
reflecting the country's lean June manufacturing activity, with
new orders contracting for a ninth straight month as demand
conditions softened. 
    Vietnam index was the top gainer in the region,
following data that showed the nation's June manufacturing
activity climbed from last month.
    The bourse was boosted by upbeat performance in financials
and real-estate counters, with conglomerate Vingroup JSC
 closing 1.3% higher.
    Thai stocks surged as a jump in oil prices lent
support to the energy-heavy index. Energy company PTT PCL
 added 1%.
    Thailand's largest lender by assets - Siam Commercial Bank
 - said it would sell its life insurance business to
Hong Kong-based insurer FWD Group for 92.7 billion baht ($3
billion) in the biggest insurance M&A deal in Southeast Asia,
deepening a rapid Asian expansion by the Hong Kong-based group.
    The lender's stock traded 1.1% higher at close.
    Meanwhile, the country's June headline inflation fell from
the previous month, and was below the central bank's target
range of 1%-4% for the first time in four months.

For Asian Companies click;  

 Change on the day                                
 Market                 Current   Previous close  Pct Move
 Singapore              3372.26   3321.61         1.52
 Bangkok                1740.91   1730.34         0.61
 Manila                 8043.71   7999.71         0.55
 Jakarta                6379.688  6358.629        0.33
 Kuala Lumpur           1683.62   1672.13         0.69
 Ho Chi Minh            965.61    949.94          1.65
 Change so far in 2019                            
 Market                 Current   End 2018        Pct Move
 Singapore              3372.26   3068.76         9.89
 Bangkok                1740.91   1563.88         11.32
 Manila                 8043.71   7,466.02        7.74
 Jakarta                6379.688  6,194.50        2.99
 Kuala Lumpur           1683.62   1690.58         -0.41
 Ho Chi Minh            965.61    892.54          8.19

 (Reporting by Rashmi Ashok in Bengaluru; Editing by Sherry
Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below