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SE Asia Stocks-Most markets fall amid lingering doubts about fresh U.S. tariffs

Published 12/10/2019, 01:14 PM
Updated 12/10/2019, 01:16 PM
SE Asia Stocks-Most markets fall amid lingering doubts about fresh U.S. tariffs
JKSE
-
KLSE
-
PSI
-
SM
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VNI
-
VHM
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* China November inflation rises 4.5% y/y
* Philippine markets cautious ahead of c. Bank meeting -
analyst
* Thailand closed for a holiday

By Arundhati Dutta
Dec 10 (Reuters) - Most Southeast Asian markets were in the
red on Tuesday, with Philippines falling for a second day, on
uncertainty around Dec. 15 deadline for fresh U.S. tariffs on
Chinese imports.
Ahead of the tariffs on $156 billion worth of Chinese goods,
both China and the United States have made reconciliatory
remarks.
While China has said it hoped to make a trade deal as soon
as possible, U.S. President Donald Trump said Washington is
doing well in hammering out an agreement with Beijing.

"While recent statements from both the U.S. and Chinese
officials have suggested that some form of a trade deal is
possible, markets will be watching for more details, " Mizuho
Bank said in a note.
Philippine stocks .PSI fell nearly 0.4%, with conglomerate
SM Investments Corp SM.PS shedding 0.6%.
AP Securities' analyst Rachelle Cruz said investors were
laying low ahead of a policy meeting by the Philippine central
bank on Dec. 12, though a 'no rate cut' scenario is expected
after strong inflation data earlier in the month.
Adding to caution was data from China, which showed producer
prices in November falling 1.4% from a year earlier, while the
consumer price index jumped 4.5%.
Vietnamese stocks .VNI snapped a two-session winning
streak, with real estate stocks being the biggest losers.
Vinhomes Joint Stock Company VHM.HM dropped 1.2%.
The Indonesian .JKSE and Malaysian .KLSE indexes were
little changed, while Thailand markets were closed for a
holiday.

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SOUTHEAST ASIAN STOCK MARKETS AS AT 0508 GMT

STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3181.53 3179.82 0.05
Manila 7752.1 7779.8 -0.36
Jakarta 6185.95 6193.791 -0.13
Kuala Lumpur 1561.61 1562.71 -0.07
Ho Chi Minh 962.75 966.06 -0.34

Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3181.53 3068.76 3.67
Bangkok 1552.96 1563.88 -0.7
Manila 7752.1 7,466.02 3.83
Jakarta 6185.95 6,194.50 -0.14
Kuala Lumpur 1561.61 1690.58 -7.63
Ho Chi Minh 962.75 892.54 7.87



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