Southeast Asian stock markets plummet due to coronavirus and political crises

The Southeast Asian stock exchanges recorded sharp declines on Monday amid rising cases of the new coronavirus outside of China and political crises in Thailand and Malaysia.

The Bangkok parquet led the losses, with almost 4%, in the middle of the beginning of a motion of censure three days after the dissolution of the third force of Parliament, the Anakot Mai (“New Future”) party in a controversial ruling judicial.

In Singapore, the stock market lost 38.83 points, 1.22 percent, and the composite indicator Straits Times closed with 3,142.20 integers.

In Indonesia, Jakarta Square decreased 75.20 units, 1.28 percent, and the JCI index ended with 5,807.05 points.

In Malaysia, where the prime minister, Mahathir Mohamad, resigned on Monday without giving explanations and amid disagreements in the ruling coalition, the Kuala Lumpur Stock Exchange backed down 41.14 integers, 2.69 percent, and the selective KLCI ended in 1,490.06 units.

In Thailand, Bangkok’s floor fell 59.53 points, 3.98 percent, and the SET index ended the day with 1,435.56 integers.

In the Philippines, the Manila Stock Exchange fell 182.34 units, 2.47 percent, and the PSEi index closed with 7,187.44 points.

In Vietnam, the VN index of the Ho Chi Minh Stock Exchange (former Saigon) closed at 903.34 integers after subtracting 29.75 units or 3.19 percent.


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