SE Asia Stocks: Most weaker; commodities stocks lead

July 26, 2012

BANGKOK, July 26 – Major Southeast Asian stock markets mostly closed lower today, led down by commodity-related stocks as a gloomy outlook for demand growth and the euro zone’s spreading debt crisis hit oil prices.

Thailand’s benchmark SET index fell 1.3 per cent to 1,172.92. Malaysian shares ended down 0.7 per cent to 1,623.91.

The Philippine index posted a modest 0.18 per cent loss. Singapore’s Straits Times index bucked the trend, advancing 0.5 per cent. – Reuters