Stocks of Southeast Asia – Most markets follow Asia; Singapore, Thailand goes up

      * Singapore hits the highest of a month
* Rupiah falls to the lowest since October 2015

By Karthika Suresh Namboothiri
July 20 (Reuters) - Shares of Singapore and Thailand progress
Friday, led by financial services, while other Southeast Asia
markets fell in line with Asia wider.
Asian equities outside Japan slipped on the Chinese currency
management could become the next flash point in a fierce trade
conflict with the United States after the decline of the central bank
its midpoint for the yuan for a seventh consecutive session and at
its lowest in a year.
The sentiment of global investors has also been clouded
the EU Trade Commission is preparing a list of
tit-for-tat shares in response to proposed US rates on the EU
cars.
Singapore shares rose for a fourth straight
session at a high of a month, with DBS Group Holdings
escalating 1.1 percent and United Overseas Bank wins
1 percent.
Thai stocks won for a third consecutive session,
with Kasikornbank leaping 4.3 percent on optimistic
quarterly gains, while PTT PCL rose 2.5%.
Indonesian equities fell after central bank
its benchmark interest rate unchanged Thursday as expected,
take a break in its cycle of monetary tightening aimed at
by supporting the rupiah, while stressing that he was still ready to
support the currency.
Rupiah hit a three-year low on Friday.

The confusing movement of the rupiah despite impressive
Rises in interest rates are a bit of a concern for the market
Shim, head of research at Mirae Asset Sekuritas in Jakarta.
Investors must now reevaluate the economy and recalibrate
their investment strategies, he added.
Financials took a hit Friday with Bank Central Asia
down 0.9 percent and Astra International
lose 0.8 percent.
The key Jakarta stock index was down more than 1.5%
for the week, is heading to its fourth weekly decline in five.
Vietnam stocks fell after six consecutive sessions of
gains, while Filipino stocks have declined for a second
right sitting.
SM Investments Corp slipped 2.4 percent, while power
Aboitiz Equity Ventures generator fell as much as 4.3
percent to a low of three years.
Malaysian stocks were down after nine
win session with Tenaga Nasional electricity supplier
excretion of 1.3 percent.

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SOUTH-EAST ASIAN STOCK MARKETS AT 0434 GMT
Current Market Prev close Pct Move
Singapore 3291.69 3277.58 0.43
Bangkok 1661.06 1646.89 0.86
Manila 7333.57 7387.87 -0.73
Jakarta 5844.34 5871,077 -0.46
Kuala Lumpur 1751.6 1759.24 -0.43
Ho Chi Minh 935.37 943.97 -0.91

Change the year
Current Market End 2017 Pct Move
Singapore 3291.69 3402.92 -3.27
Bangkok 1661.06 1753.71 -5.28
Manila 7333.57 8558.42 -14.31
Jakarta 5844.34 6355.654 -8.05
Kuala Lumpur 1751.6 1796.81 -2.52
Ho Chi Minh 935.37 984.24 -4.97

(Report by Karthika Suresh Namboothiri, edited by
Subhranshu Sahu)