JAKARTA, Dec 16 — Indonesian and Thai stocks slipped 1 per cent each to three-month lows today, as investors worries over US stimulus tapering, while the Philippines outperformed after a positive outlook by Moody’s.
The broader Jakarta index closed 1.2 per cent lower, led by agriculture shares, which dropped almost 3 per cent. Foreign investors sold 341.2 billion rupiah (RM91.2 million) worth of shares, Thomson Reuters data showed.
Shares in Asia’s major coal miner Bumi Resources jumped 27.3 per cent after financier Nat Rothschild agreed to back its parent company’s plan to split with Indonesia’s Bakrie family.
The Thai benchmark index dropped 1 per cent, making it the worst performer in the region this year. Top energy firm PTT Pcl fell more than 2 per cent to a more-than-2-year low.
The Philippine index rose 0.8 per cent, after Moody’s Investors Service said it is maintaining its positive outlook on the country’s banking system.
Markets in Singapore and Vietnam slid 0.4 per cent and 0.8 per cent respectively, while Malaysia was down 0.13 per cent. — Reuters
