【nissan altima door won't unlock with key】SE Asia Stocks-Most end lower; weak economic data stokes slowdown fears
* Most deepen losses towards close after weak China data
* Thailand,nissan altima door won't unlock with key Philippines cling to meagre gains
* Malaysia worst performer, closes at near two-week low
By Rashmi Ashok
Jan 2 (Reuters) - Most Southeast Asian stocks erased early
gains to end in the red on Wednesday with Malaysia losing the
most, as disappointing Chinese economic data and a barrage of
other dismal economic indicators stoked fears of a slowdown.
In China — the region's largest trading partner — the
Caixin/Markit PMI slipped into contraction territory for the
first time in 19 months in December, broadly tracking an
official survey released on Monday.
With the fresh data, together with a fall in industrial
profits, and softer retail sales growth in November, "we can
confirm that the economy is weakening," Iris Pang, economist,
Greater China at ING said in a note to clients.
China's weakness spilled over to other Asian economies, with
Malaysia's manufacturing activity in December shrinking to its
weakest pace of expansion since it launched the survey in 2012.
Adding to the worries, official economic data out of
export-reliant Singapore showed its gross domestic product grew
more slowly than forecast in the fourth quarter as its
manufacturing sector contracted on a quarterly basis.
The Malaysian benchmark index was the worst
performer in the region, shedding 1.3 percent, with shares of
Sime Darby Plantation Berhad falling 4.4 percent,
while those of oil and gas services provider Dialog Group Berhad
ending 3.5 percent lower.
Singapore's index followed suit, tumbling nearly 1
percent. Shares of industrial conglomerate Jardine Matheson
Holdings Ltd and lender UOL Group Ltd lost
2.4 percent and 1.9 percent, respectively.
The Indonesian index also edged lower on the back of
material and telecom stocks.
Meanwhile, Indonesia's December annual inflation rate eased,
but the pace was quicker than expected, data from the statistics
bureau showed on Wednesday.
Bucking the trend, Philippine's index rose as strong
gains in real-estate stocks offset losses in most other sectors.
Driving the benchmark was heavyweight Ayala Land Inc's
counter, which bounced back after falling for two consecutive
weeks.
Shares of property developer SM Prime Holdings Inc
along with Ayala Land were among top boosts to the index, up 3.4
percent and 1.7 percent, respectively.
Thailand's index edged up, with financials and
energy stocks underpinning gains.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3038.89 3068.76 -0.97
Bangkok 1565.94 1563.88 0.13
Manila 7489.2 7466.02 0.31
Jakarta 6181.175 6194.498 -0.22
Kuala Lumpur 1668.11 1690.58 -1.33
Ho Chi Minh 891.75 892.54 -0.09
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3038.89 3068.76 -0.97
Bangkok 1565.94 1563.88 0.13
Manila 7489.2 7,466.02 0.31
Jakarta 6181.175 6,194.50 -0.22
Kuala Lumpur 1668.11 1690.58 -1.33
Ho Chi Minh 891.75 892.54 -0.09
(Reporting by Rashmi Ashok in Bengaluru; Editing by Rashmi
Aich)
View comments
-
NetCents Technology Notches Record Transaction Volume, AgainAlberta government imposes oil production cuts for provinceBRIEF-Hebei Yangyuan ZhiHui Beverage, Units Receive Government Supporting Fund Of 239.5 Mln YuanSHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Nova Lifestyle, Inc. (NVFY) and Lead Plaintiff Deadline: February 26, 2019Considerable EBIT improvement in the first two months of 2020Why Mangalore Refinery and Petrochemicals Limited (NSE:MRPL) Could Be Your Next InvestmentFederal Courts in Ga. Continue Operations as Shutdown Continues9 easy ways to make your Android phone less annoyingSouth African drugmaker Aspen sees no immediate impact of India's decision to curb drug exportsBitcoin Blasts Past $34K for First Time, Hours After Blowing Through $30K
下一篇:Is VirnetX Holding Corporation (VHC) A Good Stock To Buy?
- ·Is AquaBounty Technologies (NASDAQ:AQB) Using Too Much Debt?
- ·27 Ugly Truths About Retirement
- ·What Can We Make Of REM Group (Holdings) Limited’s (HKG:1750) High Return On Capital?
- ·China Evergrande Raises Rents Over 300% To Boost Wan Chai Property Value
- ·Alibaba’s Secret Three-Year Experiment to Remake the Factory
- ·At UK£1.43, Is Hays plc (LON:HAS) Worth Looking At Closely?
- ·CymaBay Therapeutics (NASDAQ:CBAY) Is In A Good Position To Deliver On Growth Plans
- ·BRIEF-Scanwolf Corporation Says Teoh Teik Kean Resigned As Executive Director
- ·CEO Talks: Boucheron’s Hélène Poulit-Duquesne Takes the Positive View
- ·GLOBAL MARKETS-World stocks nurse a New Year's hangover as growth worries persist
- ·3 things small business owners should know for 2019
- ·Asian stocks rise sharply in January on hopes over U.S.-China talks
- ·Genco Shipping & Trading (GNK) Lags Q3 Earnings and Revenue Estimates
- ·The Big Bang Theory adds Walton Goggins, Beth Behrs
- ·Is Royale Furniture Holdings Limited’s (HKG:1198) High P/E Ratio A Problem For Investors?
- ·BRIEF-Lingnan Eco & Culture-Tourism's Consortium Expects To Win Engineering Contract
- ·Is VirnetX Holding Corporation (VHC) A Good Stock To Buy?
- ·Is It Smart To Buy Shoe Carnival, Inc. (NASDAQ:SCVL) Before It Goes Ex-Dividend?
- ·Trump ask congressional leaders to return for shutdown talks on Friday -lawmaker
- ·Apple's iPhone sales leave investors feeling sour as they wait to hear from the Fed
- ·INVESTOR APRIL DEADLINE REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Aaron's, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- ·For France's Macron, 2020 again brings rocky start, outlook
- ·Novo Nordisk: 4Q Earnings Snapshot
- ·Workday (WDAY) Earnings & Revenues Beat Estimates in Q2
- ·InvestmentPitch Media Video Discusses Recent eResearch Buy Recommendation on Peak Positioning Technologies, Parent Company of a Group of FinTech Subsidiaries operating in China - Video Available on Investmentpitch.com
- ·Factbox - What to expect from China's annual meeting of parliament next week
- ·Dow Surges 2% and Retakes 26K
- ·Bitcoin Price Suffers Worst Monthly Losing Streak in 7 Years
- ·Oil Stocks: 3 Bold Predictions for 2019
- ·Nabors Industries Ltd (NBR) Files 10-K for the Fiscal Year Ended on December 31, 2018
- ·Hydro66 Announces Additional Advance Under Convertible Loan
- ·IAG CEO Walsh - No-deal Brexit would not impact passenger numbers
- ·Wednesday Apple Rumors: AirPower Misses 2018 Release Window
- ·U.S. office vacancy rate inches higher in fourth quarter - Reis
- ·Will Fastly Continue to Surge Higher?
- ·Disciplinary Committee Recommends No Charges Against Jerry Sandusky Prosecutor Frank Fina