SE Asia Stocks-Mixed; Indonesia, Thailand weaker as US shutdown weighs

Reuters

Oct 7 (Reuters) - Thailand and Indonesia ended weaker on

Monday, while other Southeast Asian markets ended mixed as

investors stayed away, preferring a 'wait and see' approach due

to the lingering U.S. budget standoff.

Signs of growing intransigence among U.S. lawmakers in

crucial budget and debt ceiling talks hit investor sentiment

globally.

Thailand's main stock index lost 0.9 percent led by

energy shares with PTT Exploration and Production PCL

falling 1.8 percent, while Singapore's Straits Times index

closed 0.05 percent down at a near four-week low.

Indonesia's Jakarta Composite Index finished 0.3 percent

down to a near one-week low, after the World Bank revised down

its GDP growth forecast for the largest economy in Southeast

Asia.

Analysts said the U.S. budget impasse has hit sentiment and

appetite for the region's risky assets.

Bucking the trend, Philippines shares ended 0.8

percent firmer to its highest close since Sept. 24, while

Vietnam's benchmark VN Index ended 0.6 percent up to its

highest closing level in nearly seven weeks.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 407.24 409.19 -0.48

Singapore 3136.59 3138.08 -0.05

Kuala Lumpur 1776.82 1776.56 +0.01

Bangkok 1414.62 1427.72 -0.92

Jakarta 4374.96 4389.35 -0.33

Manila 6443.21 6390.48 +0.83

Ho Chi Minh 500.47 497.50 +0.60

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 407.24 424.10 -3.98

Singapore 3136.59 3167.08 -0.96

Kuala Lumpur 1776.82 1688.95 +5.20

Bangkok 1414.62 1391.93 +1.63

Jakarta 4374.96 4316.69 +1.35

Manila 6443.21 5812.73 +10.85

Ho Chi Minh 500.47 413.73 +20.97

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

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