Malaysia Hotline: +603- 2141 8908
The
benchmark Indonesian share index dropped 3 percent while most others in
Southeast Asia fell more than 1 percent on Thursday, a day after the U.S.
Federal Reserve hinted a rate hike was possible by year-end, fuelling more
foreign selling in emerging stock markets.
The
Fed kept interest rates unchanged on Wednesday and in a direct reference to its
next policy meeting put a December rate hike firmly in play.
The
Jakarta composite index finished the day at its lowest close in more than three
weeks. Foreigners sold shares for a second day, sending Bank Rakyat Indonesia
to a one-week low and Bank Mandiri down nearly 5 percent.
Outflows
brought indexes in Malaysia and Thailand to the lowest close since Oct. 6, with
the Philippines hitting a one week low. Singapore extended losses for a third
day to a more than two-week low.
Vietnam's
index, bucking the trend, posted its first gain in three days, up 1.5 percent
partly due to positive corporate earnings.
Indonesia
posted net foreign selling worth 999 billion rupiah ($73.3 million), taking net
outflows so far in the week to 7 trillion rupiah ($513.7 million), reversing
the net inflows of 1.1 trillion rupiah ($80.7 million) of the week earlier, Thomson
Reuters data showed.
The
overall Thai stock market saw net outflows of 2.89 billion baht ($81.23
million) while Malaysia and the Philippines recorded net outflows of 360 million
ringgit ($83.85 million)and 1 billion peso ($21.29 million) respectively.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my