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SE Asia Stocks-Most fall as Trump trade warning weighs

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Update time : 2019-12-04 15:20:18

* Philippines drops at 1% ought 3-week lows * Malaysia sees biggest intraday loss at on two months * Thai shares moment changed ahead of June commerce news By Anushka Trivedi July 31 (Reuters) - Most Southeast Asian stock markets edged lower at Wednesday though U.S. principal Donald Trump's fresh warning ought China between ongoing commerce talks weighed at the market, with Philippines shedding at 1% ought three-week lows. though a fresh nearly of commerce talks amid the world's climax two economies started at Shanghai at Tuesday, Trump blamed Beijing though no upholding its ensure ought buy more U.S. agricultural products and warned it against waiting out his tendency presidential word ought influence a commerce deal. Trump's commerce threaten weighs at risk-taking nevertheless investors are either responsible ought tread a cautious path ahead of the U.S. Federal Reserve's policy decision, ING said at a note. afterward at the day, the Fed is widely expected ought slash rates by 25 foundation points though the first time though the financial emergency more than a decade ago. Hopes of a worthy chop consume supported a ox flow at danger assets worldwide recently. Meanwhile, feeling was dented farther though China's mill activity declined though a third straight month at July, underlining growing strains at Southeast Asia's biggest commerce colleague though the Sino-U.S. commerce fight hits anxiety profits, pledge and investment. Philippine stocks dropped 1.2% ought three-week lows, making them the climax losers at Southeast Asia. Electricity retailer Aboitiz energy Corp was amid the climax drags, with a autumn of 2.2% after it reported a glide at second-quarter net income. at other news, fast-food fasten Jollibee Foods Corp said it used to enter the Indonesian impartial with its newly acquired U.S. fasten Coffee Bean & Tea Leaf. Malaysian shares fell 0.6%, their biggest intraday loss at on two months. Financials tugged the benchmark lower, with Public beach Bhd and Hong Leong financial people Bhd shedding at 2% each. Thai shares were moment changed ahead of June commerce data. Exports are beneath strain though the people continues ought bear from a downturn at China's financial and the U.S.-China commerce tiff, with UOB Global Economics and Markets inquiry stating at a letter final week that it does no growl on any export growth this year though Thailand. though Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS though at 0405 GMT impartial tendency foregoing shut Pct affect Singapore 3346.73 3350.54 -0.11 Bangkok 1708.46 1706.49 0.12 Manila 8059.23 8150.46 -1.12 Jakarta 6359.35 6376.996 -0.28 Kuala Lumpur 1634.07 1642.69 -0.52 Ho Chi Minh 987.42 986.02 0.14 vary consequently distant at 2019 impartial tendency aim 2018 Pct affect Singapore 3346.73 3068.76 9.06 Bangkok 1708.46 1563.88 9.24 Manila 8059.23 7,466.02 7.95 Jakarta 6359.35 6,194.50 2.66 Kuala Lumpur 1634.07 1690.58 -3.34 Ho Chi Minh 987.42 892.54 10.63 (Reporting by Anushka Trivedi at Bengaluru; Editing by Subhranshu Sahu)
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