Asian Market Update, Singapore, Jakarta, Bangkok, Kuala Lumpur

TOKYO
Japan’s financial markets are closed on Monday for a public holiday. Trading resumes on Tuesday.

HONG KONG
Hong Kong stocks were 0.98 per cent lower by lunch on Monday as investors took their cue from Wall Street?s plunge on Friday.

The benchmark Hang Seng Index was down 197.75 points at 20,052.41. Turnover was 23.90 billion Hong Kong dollars (3.07 billion US).

KUALA LUMPUR
At 12.30 p.m. on Monday, there were 195 gainers, 327 losers and 237 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,332.44 down 4.21 points, the FBMACE was at 3,734.30 down 30.31 points, and the FBMEmas was at 9,027.38 down 21.05 points.

Bangkok

SET index closed midday Monday at 828.95, up 1.41 or 0.17% in trade worth 15.03 billion baht.

SET 100 index closed at 1,236.09, up 1.34 or 0.11%.

SET 50 index closed at 561.97, up 0.45 or 0.08%.

Mai index closed at 238.35, up 2.34 or 0.99%.

Stocks with most active value were as follows:

CPF increased to 24.10 baht, up 0.60 baht.

TMB increased to 2.12 baht, up 0.02 baht.

TPIPL increased to 14.00 baht, up 0.90 baht.

BJC increased to 18.40 baht, up 1.20 baht.

JAS increased to 0.81 baht, up 0.07 baht.

The Jakarta Composite Index, meanwhile, fell 23.73 points, or 0.8 percent, to 2,968.72 as of 10:02 a.m. local time, on course for its steepest drop since July 1.

Coal producers Adaro Energy, Indonesia’s second-biggest coal producer, fell 1.7 percent to Rp 1,990 and Indo Tambangraya Megah, the unit of Thailand’s largest coal miner Banpu Pcl, declined 1.2 percent to Rp 37,750. Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, slid 0.7 percent to $96.34 a metric ton in the week ended July 16, declining for the second straight week.

Bank Internasional Indonesia, the biggest overseas unit of Malaysia’s largest bank, fell 1.7 percent to Rp 285. The company may sell Rp 1 trillion ($110 million) of bonds in the second half of this year, Investor Daily Indonesia reported, citing Director Stephen Liestyo.

Summarecon Agung, a property developer, rose 1.2 percent to Rp 850. Summarecon expects profit to rise by 30 percent to about Rp 100 billion in the first half of this year, Kontan reported, citing President Director Johanes Mardjuki.

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