Philippine shares lead Southest Asia decline | Bangkok Post: news - News Summed Up

Philippine shares lead Southest Asia decline | Bangkok Post: news


Philippine shares ended lower for a fifth consecutive session, closing more than 1% lower. "Oil prices are softer and US markets closed on the back foot which also makes Asian equity markets look not particularly upbeat," said Vishnu Varathan, a senior economist with Singapore-based Mizuho Corporate Bank. The Singapore Index closed 0.9% lower, in a second session of losses, weighed down by energy and consumer stocks. Thai shares closed nearly 1% lower, dragged down by energy and industrials, with oil and natural gas refiner PTT Exploration and Production Plc closing 2.1% lower. Malaysian stocks were marginally lower, while Vietnam stocks closed down 0.4%.


Source: Bangkok Post October 26, 2016 10:41 UTC



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