* Vietnam snaps 5-session winning streak
* Thailand falls on energy stocks
By Arundhati Dutta
April 8 (Reuters) - Southeast Asian stock markets fell on
Wednesday after two sessions of sharp gains, as the death toll
from the new coronavirus continued to climb across the globe
even though infections showed signs of a slowdown.
New York state suffered the highest daily loss of life from
COVID-19 on Tuesday, even as the number of hospitalisations
seemed to be levelling off. Italy, the country with the highest death toll at 17,127,
reported a fourth consecutive daily decline in the number of
people in intensive care.
Denting sentiment further, the Financial Times reported https://www.ft.com/content/f94725c8-e038-4841-a5f6-2e046ae78e95
the European Union's top scientist resigned after his proposal
to set up a programme to battle the pandemic was rejected.
"This will probably give pause to markets' mounting optimism
about "peak COVID" premised on new cases in Europe begin to show
signs of trending lower," Mizuho Bank said in a note.
Singaporean stocks .STI slumped as much as 2.5%, with
conglomerates Jardine Matheson Holdings Ltd JARD.SI and
Jardine Strategic Holdings Ltd JSH.SI shedding 5.9% and 5.5%,
respectively.
Indonesian equities .JKSE slipped up to 2.9%, dragged by
financials. PT Bank Central Asia Tbk BBCA.JK and PT Bank
Mandiri (Persero) Tbk BMRI.JK lost 1.7% and 4.8%,
respectively.
Thai stocks .SETI snapped three consecutive sessions of
gains, with energy stocks slipping the most. PTT Pcl PTT.BK
and PTT Exploration and Production Pcl PTTEP.BK gave up more
than 3% each.
Vietnamese shares .VNI fell after five straight sessions
of gains, with financials leading the decline.
Philippine shares .PSI dropped as much as 2.7%, hurt by
losses in big-cap conglomerates such as SM Investments SM.PS
and Ayala Land ALI.PS .
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS AS AT 0322 GMT
STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 2513.68 2571.89 -2.26
Bangkok 1205.56 1214.95 -0.77
Manila 5504.98 5650.01 -2.57
Jakarta 4641.083 4778.639 -2.88
Kuala Lumpur 1362.71 1369.92 -0.53
Ho Chi Minh 736.8 746.69 -1.32
Change so far
in 2020
Market Current End 2019 Pct Move
Singapore 2513.68 3222.83 -22.00
Bangkok 1205.56 1579.84 -23.69
Manila 5504.98 7,815.26 -29.56
Jakarta 4641.083 6,299.54 -26.33
Kuala Lumpur 1362.71 1588.76 -14.23
Ho Chi Minh 736.8 960.99 -23.33