SE Asian stocks mostly rise

Dhaka,  Sun,  11 December 2016
Published : 18 Oct 2016, 14:28:12

SE Asian stocks mostly rise

SE Asian stocks mostly rise
Most Southeast Asian stock markets rose on Tuesday, as the dollar weakened on profit-taking.

The dollar fell against a basket of six major currencies.

Investors also evaluated whether the Fed will let inflation run above target before raising interest rates, and awaited US inflation data due later in the day for clues about the world's largest economy.

Philippine shares rose for a second session in three, with consumer cyclicals and financials leading the gains. Jollibee Foods Corp and property developer SM Prime Holdings were among the biggest gainers.

Indonesian shares extended gains for a third consecutive session, driven by consumer cyclicals and basic materials. 

Conglomerate Astra International Tbk PT rose 2.1 per cent, while cement maker Semen Indonesia (Persero) Tbk PT was 1.3 per cent higher.

Thailand fell about 0.2 per cent, heading for its second straight sessions of falls, according to a news agency report.

-SRS-
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