Most Southeast Asian stock markets rose on Thursday, tracking Asian shares and Wall Street overnight, as investors took heart from US President Donald Trump's pledge to invest heavily in infrastructure, cut corporate taxes and ease regulations. Singapore shares rose 0.4 percent, helped by industrials and financials. Jardine Matheson Holdings Ltd rose 2.3 percent to its highest close since March 9, 2015, while DBS Group added 1.1 percent.
Philippine shares closed 0.9 percent higher, with financials and industrials leading the gains. Ayala Corp and JG Summit were the top two performers. Malaysian shares climbed 1.1 percent to their highest close since April 22, 2016, led by financials. Indonesia rose as much as 1.3 percent to a three-month high before closing 0.8 percent higher, led by consumer discretionary and energy stocks.
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