Watchman Alfrescian Loyal Joined Mar 12, 2009 Messages 13,160 Points 0 Jan 5, 2010 #1 [COLOR="_______"]SE Asia Stocks-S'pore down on weak Q4, Indonesia hits new highs[/COLOR] * Singapore dips on poor Q4 GDP, retreats from 17-month high * Indonesia nears 2-year high * Profit-taking and political concerns weigh on Thailand By Arada Kultawanich BANGKOK, Jan 4 (Reuters) - Stock markets in Singapore, Thailand and the Philippines fell on the first trading day of 2010, but optimism over the global economy encouraged buying of blue chips in Indonesia and Malaysia. "Hopes of recovery boosted the markets late last year ... but it's possible we'll see profit-taking during the week to reduce the market's overheating," said Kosin Sripaiboon, head of research at UOB Kay Hian Securities in Bangkok. Singapore's benchmark stock index .FTSTI ended 2009 at its highest level in 17 months but retreated 0.11 percent on Monday after weaker-than-expected fourth-quarter GDP. [ID:nSGE603008] Falls were limited by gains in shipbuilder COSCO Corp (COSC.SI), which rose 3.36 percent, and Singapore Telecom (STEL.SI), which added 0.64 percent.
[COLOR="_______"]SE Asia Stocks-S'pore down on weak Q4, Indonesia hits new highs[/COLOR] * Singapore dips on poor Q4 GDP, retreats from 17-month high * Indonesia nears 2-year high * Profit-taking and political concerns weigh on Thailand By Arada Kultawanich BANGKOK, Jan 4 (Reuters) - Stock markets in Singapore, Thailand and the Philippines fell on the first trading day of 2010, but optimism over the global economy encouraged buying of blue chips in Indonesia and Malaysia. "Hopes of recovery boosted the markets late last year ... but it's possible we'll see profit-taking during the week to reduce the market's overheating," said Kosin Sripaiboon, head of research at UOB Kay Hian Securities in Bangkok. Singapore's benchmark stock index .FTSTI ended 2009 at its highest level in 17 months but retreated 0.11 percent on Monday after weaker-than-expected fourth-quarter GDP. [ID:nSGE603008] Falls were limited by gains in shipbuilder COSCO Corp (COSC.SI), which rose 3.36 percent, and Singapore Telecom (STEL.SI), which added 0.64 percent.
