U.S. Markets closed
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • Dow 30

    35,677.02
    +73.94 (+0.21%)
     
  • Nasdaq

    15,090.20
    -125.50 (-0.82%)
     
  • Russell 2000

    2,291.27
    -4.91 (-0.21%)
     
  • Gold

    1,793.10
    +11.20 (+0.63%)
     
  • EUR/USD

    1.1646
    +0.0015 (+0.1281%)
     
  • 10-Yr Bond

    1.6550
    -0.0210 (-1.25%)
     
  • Vix

    15.43
    +0.42 (+2.80%)
     
  • GBP/USD

    1.3760
    -0.0036 (-0.2601%)
     
  • USD/JPY

    113.4800
    -0.5080 (-0.4457%)
     
  • BTC-USD

    60,846.26
    -48.64 (-0.08%)
     
  • CMC Crypto 200

    1,453.34
    -49.70 (-3.31%)
     
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • Nikkei 225

    28,804.85
    +96.25 (+0.34%)
     

SE Asia Stocks-Weak China data hurts risk appetite; S'pore falls

By Karthika Suresh Namboothiri

Nov 14 (Reuters) - Most Southeast Asian stock markets traded

cautiously on Tuesday, in line with broader Asia, as

disappointing Chinese economic data and worries over U.S. tax

reforms hurt risk appetite.

However, the Vietnam index rose for an eighth session in a

row, set for its longest winning streak in more than a year and

moving closer to a decade high.

China's industrial output cooled in October, while fixed

asset investment and retail sales grew at a slower-than-expected

pace, suggesting the economy may be loosing some steam as the

government cracks down on debt risks and pollution.

The world's second-largest economy is one of the biggest

trade partners of Southeast Asian nations.

"All in all, a slew of disappointing financial data indicate

that the PBOC's tightening bias and the deleverage campaign

might have taken effect in slowing economic activities," OCBC

said in a note.

MSCI's broadest index of Asia-Pacific shares outside Japan

dipped 0.2 percent.

Investors were also waiting for any signs of compromise on

U.S. tax policy after Senate Republicans unveiled a plan that

would cut corporate taxes a year later than a rival House of

Representatives' bill.

In Southeast Asia, Singapore shares fell 0.5 percent,

dragged by financials and consumer staples. Wilmar International

Ltd and United Overseas Bank Ltd were the

top drags on the index, down 4.2 percent and 0.8 percent,

respectively.

Agribusiness company Wilmar International fell to its lowest

in more than six weeks, after posting a 6 percent drop in

third-quarter net profit.

Vietnam shares firmed 0.4 percent, hitting a

near-decade high, with losses in food processor Vietnam Dairy

Products Joint Stock Co outweighed by gains in

financials and real estate sectors.

Philippine shares inched 0.5 percent lower and were

on track for their third consecutive session of losses, with

financials leading the decline.

BDO Unibank slipped 1.9 percent, making it the

biggest drag on the index.

Meanwhile, the Thai index inched up 0.5 percent,

snapping three consecutive session of losses, helped by gains

in telecommunication services and real estate stocks.

Malaysian shares traded largely flat, with

conglomerate Genting Berhad, down 2 percent, being the

biggest drag on the benchmark index.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE AT 0352 GMT

Change on the

day

Market Current Previous Pct Move

close

Singapore 3400.82 3419.13 -0.54

Bangkok 1695.68 1687.05 0.51

Manila 8288.88 8330.02 -0.49

Jakarta 6021.748 6021.456 0.00

Kuala Lumpur 1737.02 1737.49 -0.03

Ho Chi Minh 881.43 879.34 0.24

Change on year

Market Current End 2016 Pct Move

Singapore 3400.82 2880.76 18.05

Bangkok 1695.68 1542.94 9.90

Manila 8288.88 6840.64 21.17

Jakarta 6021.748 5296.711 13.69

Kuala Lumpur 1737.02 1641.73 5.80

Ho Chi Minh 881.43 664.87 32.57

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Amrutha Gayathri)