AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

hong-kong-stockSINGAPORE: Most Southeast Asian stock markets ended lower on Thursday, tracking Asian peers as US President Donald Trump's tax reform plan failed to impress investors.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent.

Trump's much awaited tax cut package fell short of the kind of comprehensive tax reform that both parties in Washington have sought for years and left investors unimpressed as the plan did not cover the funding of tax cuts.

Meanwhile, Bank of Japan kept its policy unchanged, as expected, but the governor's comments suggested that the central bank will significantly lag its US and European peers in exiting its massive stimulus programme.

BOJ prefers to maintain the status quo on monetary policy for the time being, analysts said.

In Southeast Asia, Philippine shares fell the most, snapping five straight sessions of gains.

Investors took profit after a strong rally in the market, said Jeremy Yumul, an analyst with RCBC Securities.

Philippine President Rodrigo Duterte said on Thursday it was pointless discussing at a summit of Southeast Asian leaders China's building of artificial islands in the South China Sea.

Thai shares were marginally lower. The country's economy may grow 4 percent this year if private investment increases, the finance minister said on Thursday.

Indonesian shares were down 0.3 percent, snapping three consecutive sessions of gains.

Indonesia's current account deficit is seen at 1.9 percent of GDP in 2017, the central bank governor said, adding that there was no room yet for monetary policy easing.

Vietnam shares, on the other hand, rose 0.9 percent with energy stocks leading the gains.

Vietnam National Petroleum Group climbed 4.1 percent, while PetroVietnam Gas Corp rose 2.4 percent.

PetroVietnam Gas Corp, a unit of state-owned PetroVietnam, is wrapping up a $210 million five-year term loan, after it exercised the greenshoe option, sources said.

 

Copyright Reuters, 2017
 

 

 

Comments

Comments are closed.