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SE Asia Stocks Rally on US stimulus hopes, fund inflows
by Cals Thu 11 Jul 2013, 20:38
SE Asia Stocks Rally on US stimulus hopes, fund inflows
Business & Markets 2013
Written by Reuters
Thursday, 11 July 2013 18:37
BANGKOK (July 11): Southeast Asian stock markets rallied on Thursday, in line with broader Asia as comments by U.S. Fed chief Ben Bernanke that monetary stimulus would still be needed for the foreseeable future revived appetite across the region.
Thai shares ended three sessions of losses to rise 4.2 percent while Indonesian stocks posted their best gain in almost two weeks as investors cheered Bank Indonesia's surprise interest rate hikes.
Foreign investors bought Thai shares worth a net 2.4 billion baht ($76.74 million), Indonesian shares worth a net 71 billion rupiah ($7.12 million) and a net 159 million ringgit ($50 million) of Malaysian shares, stock exchange data showed.
Business & Markets 2013
Written by Reuters
Thursday, 11 July 2013 18:37
BANGKOK (July 11): Southeast Asian stock markets rallied on Thursday, in line with broader Asia as comments by U.S. Fed chief Ben Bernanke that monetary stimulus would still be needed for the foreseeable future revived appetite across the region.
Thai shares ended three sessions of losses to rise 4.2 percent while Indonesian stocks posted their best gain in almost two weeks as investors cheered Bank Indonesia's surprise interest rate hikes.
Foreign investors bought Thai shares worth a net 2.4 billion baht ($76.74 million), Indonesian shares worth a net 71 billion rupiah ($7.12 million) and a net 159 million ringgit ($50 million) of Malaysian shares, stock exchange data showed.
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