Major Southeast Asian stock markets were mostly higher on Tuesday as investors bought financial stocks and big caps at the start of the reporting
season but caution prevailed, with the U.S. debt ceiling negotiations still in deadlock.
The positive outlook for the economy and corporate earnings in the region helped sentiment and strong buying sent stocks in Indonesia 1.1 percent higher to a record high, with turnover double the 30-day average.
Others posted more limited gains in moderate volume, with Singapore edging up 0.5 percent to three-month highs and Malaysia inching up 0.14 percent. Thai and
Philippine shares erased early gains to end lower.
Indonesia gained a slim $9.6 million in foreign inflows on Tuesday after a modest $12 million in outflows on Monday and $69 million in net inflows last week, according to Thomson Reuters data.
Indonesia is Asia’s best performer this year, ahead of second-ranked Thai stocks and number-three Philippine shares
Change on day Market Current Prev Close Pct Move Singapore 3186.57 3171.55 +0.47 Kuala Lumpur 1561.77 1559.60 +0.14 Bangkok 1121.63 1127.58 -0.53 Jakarta 4132.77 4087.09 +1.12 Manila 4465.87 4480.50 -0.33 Hanoi 409.39 409.36 +0.01