Asia Unhedged | Vietnam stocks soar to a 9-year high, Southeast Asia flat
A woman rides a bicycle past the stock exchange center in Hanoi, Vietnam. Photo: Reuters, Nguyen Thanh Cao
A woman rides a bicycle past the stock exchange center in Hanoi, Vietnam. Photo: Reuters, Nguyen Thanh Cao
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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

March 31, 2017 2:13 AM (UTC+8)

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%).

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