Southeast Asian stocks closed with the majority of decreases

Stocks around the world, Asian stock markets trade higher

The Southeast Asian stock markets closed the week’s last session with most falls, except for Vietnam and the Philippines. Investors are pending US employment data and the Fed chairman’s conference.

The Ho Chi Minh stock market was the one that rose the most. It consolidated its upward trend in recent days, while all the decreases were less than one percent.

In Singapore, the city-state stock market dropped by 13.96 points or 0.44%. The Straits Times composite indicator remained at 3,151.04 units.

In Indonesia, the Jakarta stock decreased by 26.34 points, 0.43%, and the JCI index finished with 6,065.17 units.

In Malaysia, the Kuala Lumpur Stock Exchange dropped by 12.12 points, 0.76%, and the selective KLCI ended at 1,578.45.

In Thailand, the Bangkok stock slipped by 5.96 points, 0.61%, and the SET index ended at 972.32 units.

In the Philippines, the Manila Stock Exchange advanced by 4.47 integers, 0.07%, and the PSEi composite index ended at 6,796.34 points.

In Vietnam, the VN Index of the Ho Chi Minh (former Saigon) stock closed at 1,374.05 units after gaining 9.77 integers or 0.72%.

Hang Seng falls again following US sanctions on Chinese firms

The Hang Seng, the Hong Kong Stock Exchange benchmark index, fell by 0.17% today. It followed US President Joe Biden expanding a blacklist of Chinese companies. He prohibited investing in 59 firms allegedly tied to the Army of the Asian country.

The selective lost 47.93 points to 28,918.1. At the same time, the Hang Seng China Enterprises dropped by 0.2%.

Among the sub-indices, only Finance rose while Real Estate, Commerce and Industry, and Services fell.

In real estate, the losses of firms such as Sun Hung Kai (1.01%) or China Resources Land (1.39%) weighed more than the advances of Henderson Land (2.19%) or CK Asset (1.09%).

The situation was the opposite in the financial area,. The increases of the state-owned ICBC (0.8%) and Banco de Comunicaciones (0.96%) offset the decreases of HSBC (0.51%) or the local branch of the Bank of China, BOC Hong Kong (1.05%).

Besides, Meituan sank by 1.69%, followed by Tencent with a loss of 0.65%, and Alibaba, which slipped by 0.28%.

Chinese oil companies closed mixed. Petrochina advanced by 0.6%, and Cnooc yielded 0.35%.

It has been a better day for the public telephone operators. China Mobile gained 0.21%, while China Unicom increased by 0.48%. 

Carmaker Geely gained 6.21% and was the most prominent company today. Meanwhile, Haidilao ended up on the other side of the coin with a loss of 6.23%.

The business volume of the day was 193,000 million Hong Kong dollars (24,880 million US dollars).

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