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ASEAN Markets Under Pressurek

Shayne Heffernan

ASEAN Stocks fell on Thursday and we expect those falls to continue today as investors sell energy and resource shares after comments from the Federal Reserve about the faltering U.S. economic recovery. Politics surrounding the controversial Volker Rule also scared off investors despite encouraging data.

Markets in the USA so

Equities in ASEAN erased early gains and investors traded cautiously, taking their lead from U.S. stock futures, which pointed to a lower start on Thursday.

The MSCI index of Asia-Pacific stocks outside Japan had fallen 0.29 percent.

Philippine stocks finished 0.76 percent lower on Thursday.

The benchmark Philippine Stock Exchange index was down by 9.00 points to 3,333.97. The all-share index meanwhile went down by 0. 21 percent or 4.43 points to 2,130.53.

The trade volume reached 4.40 billion shares worth 5.11 billion pesos (112.4 million U.S. dollars).

The benchmark Korea Composite Stock Price Index (KOSPI) rose 14.05 points, or 0.81 percent, to close at 1,739.87.

Trading volume was moderate at 307.4 million shares worth 4.3 trillion won (3.6 billion U.S. dollars).

Tokyo stocks ended slightly higher on Thursday with the key Nikkei index up 0.05 percent.

The benchmark Nikkei 225 Average jumped 4.64 points, or 0.05 percent, from Wednesday to 9,928.

The broader Topix index contracted 1.07 points, or 0.12 percent, to 879.77.

Trading volume on the main section shrank to 1,515 million shares from 1,613 million on Wednesday.

Vietnam’s stock market index, VN-Index, closed at 511. 67 points on Thursday, down 1.15 points, or 0.22 percent against the previous trading day.

A total of 53.14 million shares worth 1.62 trillion Vietnamese dong (VND) (85.52 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

HNX-Index, the index of Vietnam’s Hanoi Stock Exchange, went up 0.12 points, or 0.07 percent, to 162.98 points.

Taiwan’s share prices rose slightly on Thursday with the weighted index up 7.74 points, or 0.10 percent, to close at 7, 589.89.

The local bourse traded between a high of 7,607.63 and a low of 7,567.96 points in the day. Turnover totaled 74.96 billion new Taiwan dollars (about 2.34 billion U.S. dollars).

China’s benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,566.75 points Thursday, down 3. 13 points, or 0.12 percent from the previous close.

Turnover was 51.02 billion yuan (7.49 billion U.S. dollars).

The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 10,250.9 points Thursday, down 5.37 points, or 0.05 percent, from the previous close.

Turnover was 50.88 billion yuan (7.47 billion U.S. dollars).

Hong Kong stocks closed down 123.12 points, or 0. 59 percent, at 20,733.49 points on Thursday.

Turnover totaled 47.79 billion HK dollars compared with Wednesday ’s 56.50 billion HK dollars. (1 U. S. dollar equals to 7. 776 HK dollars)

The shares prices in Singapore fell 23.44 points or 0.82 percent on Thursday with the benchmark Straits Times Index (STI) closing at 2,847.61 points. Singapore’s Straits Times Index continued lower for a third session to its lowest in almost a week.

The overall volume stood at 1.5 billion shares worth 1.13 billion Singapore dollars (about 0.81 billion U.S. dollars).

Losers led gainers by 305 to 168 with another 795 unchanged.


COLOMBO — Share prices on the Colombo Stock Exchange closed higher on Thursday with the key Colombo All Share Price Index increasing by 10.38 points or 0.23 percent to close at 4,601.55 points.

The highly capitalized Milanka Price Index also increased by 28. 42 points or 0.54 percent to close at 5,290.17 points.

A total turnover of 2.26 billion rupees (about 19.82 million U. S. dollars) was recorded during the day with a volume of 51.77 million shares being traded.


The Malaysia stock market ended lower here on Thursday.

The Kuala Lumpur Composite Index (KLCI) was at 1,325.87 down 3. 83 points or 0.29 percent, and the Emas was at 8,960.78 down 20.76 points or 0.23 percent. Malaysian palm plantation firm Sime Darby (SIME.KL) lost 0.4 percent. Dry bulk shippers fell, including Singapore-listed Chinese shipping firm Cosco (COSC.SI), which lost nearly 2 percent.

Turnover decreased to 749.35 million shares valued at 1.08 billion ringgit Malaysia(333.33 million U.S. dollars).


DHAKA — Bangladesh’s main bourse — Dhaka Stock Exchange All Shares Price Index (DSI), the benchmark index, closed at 5,134.52 points on Thursday.

The total turnover came down to about 15.59 billion taka (about 222.71 million U.S. dollars) on Thursday.


BANGKOK — The Stock Exchange of Thailand (SET) index on Thursday moved down 13.33 points, or 1.65 percent to close at 793. 19 points. Thailand’s Bangkok Bank BBL.BK dropped 2.4 percent. Investors also sold shares in energy and commodity-related sectors due to weakness in the oil price CLc1, which was down 0.2 percent at $76.18 a barrel at 0957 GMT.Thai energy firm PTT PTT.BK was down 1.6 percent.

Some 5.43 billion shares worth 30.73 billion baht (about 947.73 million U.S. dollars) changed hands.


MUMBAI — The Indian stock benchmark Sensex declined 25.7 points or 0.14 percent Thursday.

The index concluded at 17,730.24 points on rising concerns of surprise interest rate hikes by Indian central bank.

The turnover with Sensex totaled 159.5 million U.S. dollars Thursday from 178.7 million U.S. dollars of the previous session.


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