July 12, 2020

Bad data from Chinese trade impact on Southeast Asian stock exchanges



The majority of Southeast Asian exchanges closed Friday's day with moderate losses after China, the region's largest trading partner in the region, reported that its trade with the rest of the world fell in October due to the reduction of imports.

The exceptions to the downward trend were the stock markets of Jakarta and Kuala Lumpur, which closed the week with gains.

In Singapore, the Stock Exchange fell 21.42 points, 0.65 percent, and the Straits Times composite indicator closed with 3,264.30 integers.

In Indonesia, Jakarta Square rose 12.36 units, 0.20 percent, and the JCI index ended with 6,177.98 points.

In Malaysia, the Kuala Lumpur Stock Exchange gained 0.40 integers, 0.02 percent, and the KLCI index closed with 1,609.73 units.

In Thailand, the Bangkok parquet fell 3.03 points, 0.18 percent, and the SET index ended the day with 1,637.85 integers.

In the Philippines, the Manila Stock Exchange lost 8.05 units, 0.10 percent, and the PSEi index ended with 8,065.76 points.

In Vietnam, the VN index of the Ho Chi Minh Stock Exchange (former Saigon) closed with 1,022.49 integers after subtracting 1.54 units or 0.15 percent.

. (tagsToTranslate) Bad (t) trade (t) impact (t) Southeast (t) Asiatic



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