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Home / Business / SE Asia Stocks – Most markets are subdued in line with the broader Asia. Vietnam reaches a new high

SE Asia Stocks – Most markets are subdued in line with the broader Asia. Vietnam reaches a new high



      * Philippine stocks nearly reached a 2-week high
* Vietnam for the third session in four

By Nicole Pinto
April 4 (Reuters) - Most Southeast Asian stock markets were
on Wednesday, as the fear of a trade war after the
The United States announced additional import duties
China, while Vietnam shares reached a new high.
After market hours on Tuesday, US President Donald Trump
announced 25 percent tariffs on $ 50 billion in annual imports
from China with about 1,300 industrial engineering,
Transportation and medical products.
China's Commerce Department said Wednesday it's "strong
Condemns and strongly opposes the proposed US tariffs and its will
Take countermeasures, according to official Xinhua news
Agency.
Broader Asian equities other than Japan were
marginally lower and fell 0.07 percent.
Singapore shares fell 0.5 percent, dragged
of financials.
Oversea-Chinese Banking Corp. Ltd fell 1

.2
Percent to a more than 1-1 / 2-month low, while DBS Group Holdings
Ltd and United Overseas Bank Ltd both
fell 0.9 percent.
Thai stocks were little than profits in the
The telecommunications sector was offset by losses on financials.
True Corporation PCL increased by up to 0.7 percent
to its highest since November 11, 2016 while Kasikornbank PCL
fell 2.4 percent.
Philippine shares rose up to 0.5 percent previously
to vote the profits.
"The index has fallen by almost 1,000 points
This year's highlight could be some opportunistic bargains
"said Fio Dejesus, Equity Research Analyst at RCBC
Securities.
Consumer Food and Beverage Company Universal Robina Corp.
even climbed 2.2 percent, while SM Prime Holdings
Inc rose 0.9 percent.
Shares in Vietnam climbed more than 1 percent to record levels
Amount of 1,200,580. Real estate investment company Vingroup JSC
rose 2.6 percent to a record high after profit
Close 58.2 percent this year on Tuesday.

For Asian companies click on;

South Asian Stock Markets: Change as at 0346 GMT
Market News Back Close Pct Move
Singapore 3393.63 3412.15 -0.54
Bangkok 1767.67 1765.24 0.14
Manila 8057.86 8048.72 0.11
Jakarta 6235.68 6229.013 0.11
Kuala Lumpur 1847.55 1850.78 -0.17
Ho Chi Minh 1197.16 1188.29 0.75

Change the year
Market Current End of 2017 Pct Move
Singapore 3393.63 3402.92 -0.27
Bangkok 1767.67 1753.71 0.80
Manila 8057.86 8558.42 -5.85
Jakarta 6235.68 6355.654 -1.89
Kuala Lumpur 1847.55 1796.81 2.82
Ho Chi Minh 1197.16 984.24 21.63

(Reporting by Nicole Pinto, edited by Subhranshu Sahu)


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