Southeast Asian markets closed with increases

The Southeast Asian stock markets ended this Wednesday with the majority of increases. It happened at a time of caution due to the forthcoming publication of economic indicators in the US. It may offer clues on inflation and the next movements of that country’s central bank.

The Manila stock market led the increases, touching the point and a half percentage. Meanwhile, the negative exceptions of the region were the stock markets of Malaysia and Singapore.

In Singapore, the city-state stock market dropped by 13.67 points, 0.43%, and the Straits Times composite indicator remained at 3,153.47.

In Indonesia, the Jakarta stock gained 48.11 integers, and the JCI index finished with 6,047.48 units.

Bursa Malaysia lost 6.48 points, 0.41%, and the selective KLCI ended at 1,581.48 units.

In Thailand, the Bangkok stock increased by 13.39 integers, 0.83%, and the SET index ended at 1,626.27 units.

The Manila Stock Exchange in the Philippines surged by 92.80 points, 1.36%, and the PSEi composite index ended at 6,902.54 points.

In Vietnam, the VN Index of the Ho Chi Minh (former Saigon) stock ended at 1,319.88 units after increasing by 13.02 integers or 0.99%%.

Hang Seng dropped dragged by digital and tech companies

The Hang Seng, the benchmark index of the Hong Kong Stock Exchange, lost 0.13% today. It was weighed down by the poor performance of the securities of digital and technology companies.

The selective dropped 38.75 points to 28,742.63. Meanwhile, the Hang Seng China Enterprises dropped by 0.23%.

Real Estate was the only one of the sub-indices to register gains by 0.93%. On the other hand, Commerce and Industry contracted by 0.07%, Services lost 0.4%, and Finance dropped by 0.45%.

There was not a single title on the Hong Kong real estate market that ended in the red. Link Reit did not change its price. However, the rest of the companies obtained gains between 0.19% of CK Asset and 2.45% of China Overseas.

Among the technological companies, Xiaomi lost 1.59%, Techtronic Industries fell by 0.37%, and AAC Technologies yuielded 0.27%.

Digital companies also suffered severe setbacks, such as a 1.28% drop of Meituan, food delivery platform, or a 1.05% decrease of the e-commerce giant Alibaba.

The day ended in green for state oil companies: CNOOC advanced 2.97%; Petrochina gained 1.79% and Sinopec added 1.71%.

Telephone operators China Unicom and China Mobile closed with gains of 0.24% and 0.51%.

However, among insurers, AIA declined by 0.67%, Ping An grew by 0.06%, and China Life remained unchanged.

The business volume of the day was 116,380 million Hong Kong dollars (14,998 million US dollars).