SE Asia Stocks: Indonesia at 1-week low, Manila rise ends
BANGKOK, June 14 – Southeast Asian stock markets fell along with other world markets today, led by losses in commodity-linked shares that came under selling pressure amid global price weakness.
News that Spain’s 10-year bond yields hit a euro-era record of 7 per cent yesterday kept investors cautious about the debt situation in Europe, brokers in the region said.
Among underperformers, Jakarta’s Composite Index fell 1.8 per cent to 3,791.62, its lowest close since June 6, and the Philippine index ended down 1.7 per cent, reversing two sessions of gains.
Indonesia’s biggest coal miner Bumi Resources Tbk plunged 8.9 per cent, and Philippine Aboitiz Power Corp shed 3.1 per cent. – Reuters