Vietnam stocks soar to a 9-year high, Southeast Asia flat
Vietnam boosted by financials on Thursday as the region was flat on no news
Neither the Brexit negotiations launch, nor positive US data to support further rate hikes had any significant impact on Southeast Asian stocks on Thursday, reports Reuters. MSCI’s broadest Asia-Pacific index ex-Japan creeped down 0.3%.
Vietnam was up as much as 0.7% reaching a high not seen since February 2008, led by financials and consumer staples. The Philippines and Thailand were up as much as 0.5% and 0.2%, respectively.
Losses in the region were led by Singapore (-0.5%), Indonesia (-0.4%) and Malaysia (-0.2%).