HOCHIMINH STOCK EXCHANGE

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Last Price
997
02:51 GMT / 20 SEP 2019
Value Change [%]
-0.26
[ -0.03 %]
Open
998
Day's High
998
Year's High
1,025
Previous Close
997
Day's Low
997
Year's Low
862
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30 August 2019 - reuters.com
SE Asia Stocks-Trade in tight range amid cloudy Fed outlook
19 September 2019
source: reuters.com
    * U.S. Fed cuts interest rates as expected
    * Indonesia slips ahead of central bank meet
    * Malaysia on track to fall for a second session

    By Anushka Trivedi
    Sept 19 (Reuters) - Southeast Asian stock markets traded in
a tight range on Thursday, as investors laid off heavy bets
after the U.S. Federal Reserve delivered an expected rate cut
but provided limited insight on its next move.
    Fed Chair Jerome Powell described the U.S. economic outlook
as "favorable," and said the policy easing was meant to insure
against ongoing risks including sluggish global growth and
ongoing trade tensions.  urn:newsml:reuters.com:*:nW1N262038
    The Fed's cautious stance will be of little help to Asian
policymakers who are weighing additional measures. Indonesia's
central bank is set to meet later in the day and the Philippines
the week after, while Fed's cloudy outlook offers less room for
them to ease their respective rates, giving them fewer tools to
tackle their cooling economies. 
    "Should Fed officials continue conveying mixed policy
outlook to global investors, that could trigger bouts of
volatility as markets contend with the uncertain projections
surrounding U.S. interest rates," Han Tan, market analyst at
brokerage FXTM said in a note. 
    Indonesian shares  .JSKE  traded a tad lower ahead of the
central bank policy decision as financials strained the
benchmark. 
    Bank Indonesia is largely expected to slash rates, according
to a Reuters poll, with government officials stating the policy
would be aimed at supporting Indonesia's GDP expansion in light
of a global economic slowdown.  urn:newsml:reuters.com:*:nL3N2680VK
    Lenders Bank Rakyat Indonesia (Persero) Tbk PT  BBRI.JK  and
Bank Mandiri (Persero) Tbk PT  BMRI.JK  dropped 0.7% and 1.4%,
respectively.
    The Thai bourse  .SETI  touched a two-week low as local
energy players came under pressure from an overnight tumble in
oil prices. Top oil producer PTT PCL  .PTT.BK  slipped 1.1%
after scaling 3.2% in the previous session.  O/R   
    The Malaysian benchmark index  .KLSE  was poised to close
lower for a second session, dented by consumer and telecom
sectors. 
   A dip in palm oil prices hurt producers of the commodity such
as Sime Darby Plantation Bhd  SIPL.KL  and IOI Corp Bhd
 IOIB.KL , while telco Digi.com Bhd  DSOM.KL  dropped 1.5%.
    Singapore shares  .STI  and the Philippine index  .VNI  were
largely unchanged.

       
For Asian Companies click;  urn:newsml:reuters.com:*:nTOPEQA  

SOUTHEAST ASIAN STOCK MARKETS as at 0352 GMT
    
 Change on the day                                
 Market                 Current   Previous close  Pct Move
 Singapore              3163.79   3166.84         -0.10
 Bangkok                1647.7    1654.14         -0.39
 Manila                 7913.91   7915.29         -0.02
 Jakarta                6247.918  6276.633        -0.46
 Kuala Lumpur           1594.73   1599.49         -0.30
 Ho Chi Minh            993.85    995.15          -0.13
                                                  
 Change so far in 2019                            
 Market                 Current   End 2018        Pct Move
 Singapore              3163.79   3068.76         3.10
 Bangkok                1647.7    1563.88         5.36
 Manila                 7913.91   7,466.02        6.00
 Jakarta                6247.918  6,194.50        0.86
 Kuala Lumpur           1594.73   1690.58         -5.67
 Ho Chi Minh            993.85    892.54          11.35
 
 (Reporting by Anushka Trivedi in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((Anushka.Trivedi@thomsonreuters.com; +918067491413;))
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