SE Asia Stocks-All up, most near 3-wk highs on China data, receding Syria strike fears

Reuters

Sept 10 (Reuters) - All Southeast Asian stocks gained on

Tuesday, led by Indonesia, on China's upbeat industrial output

data and receding fears of a U.S. military strike on Syria amid

hopes that the U.S. central bank would delay, or be less

aggressive in, tapering its monthly bond purchases.

Jakarta's Composite Index, the worst performer in

the region this year, recorded its highest intraday gain since

October 2011. It rose 4 percent to close at its highest level

since Aug. 16, helped by financial shares.

John Teja, director of Jakarta-based Ciptadana Securities,

said a rise in the rupiah and strong regional market

boosted Indonesian stocks.

"All counters were up except coal and other hard

commodities," he said, citing receding fears of a U.S. strike on

Syria.

Markets were also buoyed by stronger-than-expected

industrial output data from China that reinforced other signs

that the world's second-largest economy was stabilising after

slowing for more than two years.

Thailand's main stock index gained 0.6 percent to a

three-week high, while the Philippines jumped 1.6 percent

to its highest since Aug. 26.

Regional share markets staged a mild rebound last week

following a plunge in August amid rising risk aversion and

concerns about a potential cut in monetary stimulus in the

United States.

Singapore's Straits Times index also rose 1.2

percent to a near three-week high, while Malaysia's index

gained 1 percent to more than three-week high. The

Philippines rose 0.4 percent.

Malaysia attracted $83.5 million of foreign inflows into

stocks, bourse data showed.

Vietnam's main stock index added 0.9 percent mainly

due to technical adjustments.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 396.45 389.93 +1.67

Singapore 3123.89 3088.20 +1.16

Kuala Lumpur 1764.95 1747.03 +1.03

Bangkok 1393.17 1384.31 +0.64

Jakarta 4358.14 4191.26 +3.98

Manila 6089.72 5997.04 +1.55

Ho Chi Minh 474.53 470.16 +0.93

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 396.45 424.10 -6.52

Singapore 3123.89 3167.08 -1.36

Kuala Lumpur 1764.95 1688.95 +4.50

Bangkok 1393.17 1391.93 +0.09

Jakarta 4358.14 4316.69 +0.96

Manila 6069.72 5812.73 +4.77

Ho Chi Minh 474.53 413.73 +14.70

* 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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