SE Asia stocks wary on Fed rate hike uncertainty | Bangkok Post: news - News Summed Up

SE Asia stocks wary on Fed rate hike uncertainty | Bangkok Post: news


Asian and Southeast Asian shares ended lower on Wednesday. US interest rate futures are pricing in only about a 10% chance of a rate hike by the Federal Reserve at its policy review next week. Indonesian shares fell for a fourth straight session with consumer staples and discretionary stocks leading the losses. Astra International Tbk PT fell 2.8%, while PT Indofood CBP Sukses Makmur Tbk dropped 4.2%. Malaysian shares declined for a third straight session, led by telecom services and financial stocks.


Source: Bangkok Post September 14, 2016 11:26 UTC



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