|Published : 23 Sep 2016, 12:31:50|
Southeast Asian stock flat to lower
Southeast Asian stock markets were flat to lower on Friday, as investors booked profits on recent gainers after the US Federal Reserve left interest rates unchanged.
Bank of Japan overhauled its monetary policy earlier this week.
Thai shares fell about 1.0 per cent, underperforming other markets in the region. Bank, energy and property stocks led the losses.
Siam Commercial Bank Pcl fell 1.3 per cent, while oil conglomerate PTT Pcl dropped 0.59 per cent.
Indonesian shares were down after two consecutive sessions of gains.
Automotive conglomerate PT Astra International fell 1.71 per cent, while PT Bank Negara Indonesia (Persero) Tbk declined nearly 1.0 per cent.
Philippine shares were on track to snap four consecutive days of gains with industrials and financials leading the decline.
JG Summit Holdings dropped as much as 3.8 per cent.
Singapore shares were marginally down, heading for their third straight session of falls, ahead of August inflation data scheduled later in the day.
Vietnam and Malaysia markets were almost flat, according to a news agency.