|Published : 23 Nov 2016, 14:50:06|
SE Asian stocks mostly higher
Southeast Asian stocks were mostly higher on Wednesday. Singapore stocks rose about half a per cent to a one-month high with financials leading the gains.
Oil and gas stocks held on to their gains from the previous session as oil prices rallied in anticipation of an OPEC-led production cut that is planned to be finalised by the end of the month.
Thailand and Vietnam rose for a third straight session.
Other markets, including the Philippines, were subdued in lacklustre trading after strong gains on Wall Street led foreign investors dump risky emerging assets for safer bets.
Philippine shares fell 1.2 per cent, heading for their third straight session of declines, on selling by foreign investors, analyst said.
Malaysian shares slipped in thin trade, dragged down by financials, ahead of a central bank policy meeting later in the day where it is likely to leave benchmark interest rates unchanged, according to a news agency report.