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SE Asia Stocks-Most fall ahead of Fed meeting; Indonesia rises

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Update time : 2020-01-06 16:30:54

* Indonesian cigar maker Hanjaya Mandala Sampoerna rises at upbeat revenue * Thai stocks glide ought their lowest at at a month * Malaysian stock just closed though vacation By Anushka Trivedi July 30 (Reuters) - Indonesian shares rose at 1% at Tuesday, between weakness at other Southeast Asian markets, though investors bought uphold beaten stocks, however stellar quarterly results by a local cigar maker either bolstered chance appetite. Indonesia's biggest cigarette company PT Hanjaya Mandala Sampoerna Tbk's shares clocked their best deed at almost a year after it reported a shut 11% spring at first-half net income. Broad-based gains pushed the Jakarta index ought its biggest intraday originate at six weeks during the session. cigar makers at Indonesia dine suffered though U.S.-based e-cigarette brand Juul was introduced at July 10, with Hanjaya's stock fare slipping at 10% since, though of final close. "It's more of a technical rebound after 4 ought 5 sessions of weakness that we've seen. I think it's more of bottom fishing though some stocks," said Taye Shim, leader of inquiry at Mirae Asset Sekuritas. Meanwhile, most other Southeast Asian markets edged lower ahead of the U.S. Federal keep meeting, where it is widely expected ought console its monetary policy. Investors are either eyeing the central beach leader Jerome Powell's oration though farther direction. A quarter-point shorten has principally been factored at however contemporary upbeat U.S. data, such though spring at second-quarter GDP, has dimmed chances of an aggressive rate-cut. Vietnam's headmaster board lost 1.2%, underpinned by losses at authentic estate and economical sectors. Philippine shares declined 0.5% at weakness at economical and industrial stocks, however the benchmark is at explore ought shut higher though the fifth straight month. Thai stocks slipped ought their lowest at at a month after government information showed its plant output declined more than expected at June. The country's manufacturing produce index (MPI) at June fell 5.54% from a year earlier, dragged down by lower produce of cars, rubber products and petroleum, however a Reuters poll predicted a fall of 3.15%. between shares, construction mystery supplier The Siam Cement PCL and Global might Synergy PCL were between peak laggards at the benchmark. Singapore shares were tiny changed, however Malaysian stock just was closed though a holiday. though Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS just trend previous shut Pct affect Singapore 3350.54 3346.39 0.12 Bangkok 1706.49 1717.97 -0.67 Manila 8150.46 8053.92 1.20 Jakarta 6376.996 6299.035 1.24 Ho Chi Minh 986.02 997.94 -1.19 alter consequently distant at 2019 just trend aim 2018 Pct affect Singapore 3350.54 3068.76 9.18 Bangkok 1706.49 1563.88 9.12 Manila 8150.46 7,466.02 9.17 Jakarta 6376.996 6,194.50 2.95 Kuala Lumpur 1642.69 1690.58 -2.83 Ho Chi Minh 986.02 892.54 10.47 (Reporting by Anushka Trivedi at Bengaluru; editing by Uttaresh.V)

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