Mixed results at the close of the Southeast Asian market

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China called for a rejection of hegemonic power structures, stock

The Southeast Asian stock exchanges ended Monday with rises in Singapore, Kuala Lumpur, and Ho Chi Minh. Meanwhile, stocks of Jakarta, Bangkok, and Manila dropped.

In Singapore, the city-state stock market advanced by 5.72 points, 0.18 percent, and the Straits Times composite indicator stood at 3,123.61.

In Malaysia, the Kuala Lumpur Stock Exchange increased by 9.65 points, 0.62 percent, and the selective KLCI ended at 1,571.82.

In Indonesia, the Jakarta stock dived by 9.49 points, 0.16 percent, and the JCI index ended with 5,763.63 units.

 In Thailand, the Bangkok stock market lost 0.59 points or 0.04 percent, and the SET index was left with 1,551.85 units.

In the Philippines, the Manila Stock Exchange yielded 34.36 integers, 0.55 percent, and the PSEi composite index ended at 6,164.89 points.

In Vietnam, the VN Index of the Ho Chi Minh (former Saigon) stock closed with 1,297.98 units after gaining 14.05 integers or 1.09 percent.

European stock market started the week with moderate gains

China’s and Japan’s gains in the first trading hours of the week gave continuity to the increase in the European stock market. 

Trading volumes were lower on the EuroStoxx because of a holiday on the german stock market and the celebration of the Pentecost holiday.

Dollar and commodities plummeted

Like short-term inflation expectations, Commodities are giving a slight respite in recent hours to investors and analysts who had been more fearful of their excessive increase. The Bloomberg Commodity Index has posted declines in 4 of the last five sessions.

Despite this, gold registers a new profit session and marks a new high of the last three and a half months. The gold almost completely recovered the annual losses accumulated in 2021, which came to around 11.5%. It is in a position to add its third consecutive year of increases and its fifth positive year since 2016.

The Dollar Index, which reflects the behavior of the US currency against a basket of the most traded currencies on the planet, records its fifth consecutive session trading below 90 points.

 

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