Seeking Alpha

Indonesia leads most Southeast Asian shares lower, Thai stocks rebound

  • Indonesian shares (IDX, IDXJ, EIDO) fall 1.4% to two-week lows, in a move attributed to underwhelming quarterly earnings. Nevertheless, the JCI closes out the month with a solid gain of nearly 5%.
  • Other regional shares are weaker as well, with Singapore (EWS, EWSS) and Malaysia (EWM) off by more than 0.5% — in the absence of an identifiable catalyst, the underperformance is (of course) blamed on U.S. monetary policy being "less dovish than anticipated."
  • Meanwhile, Thai shares (THD, TF, TTF) rebound, rising 0.8% after falling 1.7% on Wednesday.
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