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M44U - Mapletree Logistics Trust News Story

S$1.98 -0.0  -0.5%

Last Trade - 07/05/21

Large Cap
Market Cap £4.58bn
Enterprise Value £6.78bn
Revenue £303.1m
Position in Universe 334th / 6096

EMERGING MARKETS-Indonesia, India lead Asia stocks higher as economic worries cap gains

Fri 25th September, 2020 9:37am
* Graphic: World FX rates
    * Graphic: Foreign flows into Asian stocks
    * Indonesia, India markets jump 2%
    * MYR flat as Malaysia on FTSE Russell bond index watchlist

    By Anushka Trivedi
    Sept 25 (Reuters) - India and Indonesia shares led gains in
Asia on Friday as signs of progress on U.S. fiscal stimulus
eased the pressure on stock markets globally, although concerns
about a second wave of coronavirus infections capped gains
    Asian stocks tracked Wall Street's strong finish overnight
after a U.S. lawmaker said Democrats in the House of
Representatives were working on a $2.2 trillion stimulus package
to support the pandemic-ravaged economy.  .N 
    India  .NSEI  and Indonesia  .JKSE  stocks gained about 2%
each. Jakarta's main index  .JKSE , weighed down by a new wave
of virus cases and concerns over moves to change its central
bank law, had shed more than 4% this week.
    A resurgence in COVID-19 infections across Europe, along
with weak economic indicators, led world stocks to mark some of
their worst weekly declines in months.
    "From an investment perspective, the economic outlook as we
enter the final stretch of 2020 is as uncertain as ever," BCA
Research analysts said in a client note.  
    "The potential for renewed lockdowns, a fiscal cliff in the
United States, political uncertainty due to Brexit, and the
possibility of a contested U.S. election all make for a very
complex decision tree."    
    Other Asian equity markets posted modest gains on Friday,
with Singapore  .STI , Malaysia  .KLSE  and South Korea  .KS11 
adding 0.3% to 0.8%.
    South Korea's KOSPI was down 5.5% for the week, its worst
performance since March.    
    In China, a strong influence over many of the region's
markets, the yuan  CNY=CFXS  rose 0.2% after news that the
country's government bonds would be included in FTSE Russell's
flagship World Government Bond Index (WGBI).*:nL2N2GL2KE  
    In the same announcement by FTSE Russell, Malaysian bonds
remained on a waiting list for possible removal, holding back
the Malaysian ringgit  MYR= , which has also suffered from 
fresh political turbulence in Kuala Lumpur this week.
    Malaysian 10-year bond yields  MY10YT=RR  rose around 1
basis point, touching their highest since mid-July. 

    ** Malaysia's 10-year benchmark yield is up 0.70 basis
points at 2.765%
    ** Top gainers on the Jakarta stock index  .JKSE  include
Alfa Energi Investama Tbk PT  FIRE.JK  up 35% and Borneo Olah
Sarana Sukses Tbk PT  BOSS.JK  up 33.7% 
    ** Top gainers on the Singapore STI  .STI  include Mapletree
Logistics Trust  MAPL.SI  up 1.49% and Comfortdelgro Corporation
Ltd  CMDG.SI  up 1.41% 
 Asia stock indexes and currencies                                       
 at 0733 GMT                                                      
                                                         DAILY %    YTD %
 Japan         JPY=            +0.09     +3.13   .N225      0.51    -1.91
 China         CNY=CFXS        +0.20     +2.19   .SSEC     -0.12     5.55
 India         INR=IN          +0.37     -3.05   .NSEI      1.77    -9.63
 Indonesia     IDR=            -0.03     -6.53   .JKSE      1.90   -21.67
 Malaysia      MYR=            +0.02     -1.82   .KLSE      0.48    -5.09
 Philippines   PHP=            +0.12     +4.58   .PSI      -0.12   -25.29
 S.Korea       KRW=KFTC        +0.03     -1.36   .KS11      0.27     3.69
 Singapore     SGD=            +0.15     -2.09   .STI       0.83   -23.32
 Taiwan        TWD=TP          +0.35     +3.05   .TWII     -0.26     1.97
 Thailand      THB=TH          +0.29     -5.05   .SETI     -0.07   -21.10
 (Reporting by Anushka Trivedi in Bengaluru, Editing by Patrick
Graham and Devika Syamnath)
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