|Published : 20 Apr 2017, 14:41:52|
SE Asian stocks edge up ahead of on French elections
Southeast Asian stocks were mostly rose on Thursday as investors were cautious ahead of the French elections.
The sense of caution was exacerbated by weakness on Wall Street and overnight decline in commodity prices, especially oil.
Singapore shares rose 0.2 per cent, helped by industrials and financials, while oil and gas and telecom stocks remained weak.
Jardine Matheson Holdings recovered from the previous day's losses to gain 1.3 per cent.
Oil rig builder Keppel Corp fell 1.5 per cent, while Sembcorp Industries declined as much as 1.6 per cent to its lowest since early January.
Indonesian shares see-sawed after resuming trade following a holiday on Wednesday for gubernatorial elections in Jakarta. The Indonesian rupiah weakened 0.26 per cent.
Thai shares edged up, led by industrials with Airports of Thailand up nearly 2.0 per cent.
However, Vietnam shares were 0.5 per cent lower, according to Reuters.