Southeast Asian stocks settle with increases

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Southeast Asian stock markets closed with gains

The Southeast Asian stock markets closed the session on Tuesday with the majority of increases, except for Manila.

The Philippine stock market was the only one that ended in the red, although the fall was minimal, just 0.02%. At the same time, the most substantial rise occurred in Bangkok, which increased by more than 1.5%. Jakarta stock remained closed today due to a public holiday. 

In Singapore, the city-state stock market increased by 22.95 points, 0.73%. The Straits Times composite indicator stood at 3,187.23 units.

In Malaysia, the Kuala Lumpur Stock Exchange progressed by 2.35 points, 0.15%, and the selective KLCI ended at 1,585.90 units.

In Thailand, the Bangkok stock market advanced by 25 points or 1.57%, and the SET index closed at 1,618.59 units.

In the Philippines, the Manila Stock Exchange lost 1.06 integers, 0.02%, and the PSEi composite index ended at 6,627.43 points.

In Vietnam, the Ho Chi Minh stock index closed at 1,337.78 units after gaining 9.73 integers or 0.73%.

Optimism on Chinese manufacturing increase boosts Hang Seng

Hang Seng closed today with gains of 1.08% that reflect investors’ optimism after the good data on the Chinese industry manufacturer.

The selective added 316.2 points to 29,468. At the same time, the Hang Seng China Enterprises advanced by 0.93%.

All the sub-indices closed positive. The services sector gained 0.08%, Real Estate increased by 0.24%. Meanwhile, Finance added 0.38%, and Trade and Industry profited 1.89%.

Meituan, a Chinese shopping platform, posted the most considerable increase. It advanced by 6.46%. Two other major players in the market followed its gains. Alibaba climbed by 3.41%, and Tencent expanded by 1.45%.

The Frankfurt DAX 30 breaks a new high

The DAX 30 of Frankfurt has hit an all-time high this Tuesday in the morning session. The gains were driven by the profits of the car companies and the upward prospects of Wall Street. The NYSE remained closed yesterday for the celebration of Memorial Day in the US.

The selective of the Frankfurt Stock Exchange expanded by 1.38% in the middle of the trading day to 15,639.13 points.

Somewhat earlier, it reached the intraday high of 15,651.82 points, although later reduced the rise a bit.

Daimler. a German multinational automotive manufacturer, advanced by 2.7%. The gains came after agreeing to pay Nokia for the use of its patents. Continental, the tire and components manufacturer, and Volkswagen, the world’s leading vehicle manufacturer, raised by 2.5%, respectively. 

In the MDAX of medium-sized companies, Porsche SE, which groups together approximately 50% stakes in Porsche AG and Volkswagen, advanced by 4.1%.

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