Southeast Asia slides on Morgan Stanley ASEAN-4 downgrade, Syria concerns


The JCI's Tuesday respite proves fleeting as Indonesian stocks (IDX, EIDO) fall 2.2% in Jakarta, more than erasing yesterday's gains.

Two factors likely weighed on regional shares. First, news that some key members of Congress will support President Obama's call for military action in Syria makes a strike look more likely. Second, Morgan Stanley has downgraded its 2013/2014 outlook for ASEAN-4 GDP growth to 4.5-4.6% from 4.8-5.3% citing, among other factors, "a more clouded outlook."

Across the region: Straits Times (EWS, EWSS) -1.3%, SET (THD, TTF, TF) -0.9%, PSEi (EPHE) -1.9%, KLCI (EWM) -0.4%

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs