Vietnam stocks climbed for an eighth straight session on Tuesday to close at their highest in nearly a decade.
Vietnam shares closed slightly higher after rising as much as half a percent, posting their longest winning streak since September 2016. Financial and consumer discretionary stocks drove the gains.
Philippine stocks recovered from early losses to close about 0.6% higher, snapping two consecutive sessions of declines, with industrials accounting for most of the gains.
The recovery was driven mainly by selective buying of index heavyweights, RCBC Securities said in a note, adding that Manila Electric saw the highest amount of net foreign buying.
Meanwhile, Asian shares ticked lower after Chinese economic data disappointed and a marked flattening in the US yield curve rattled investors with concerns of a future slowdown.
Among the Southeast Asian markets that fell, Singapore declined for a third straight session, hurt by financials and consumer discretionary stocks.
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Southeast Asian stock markets |
|
||
|
|
Current |
Previous |
% change |
|
Indonesia |
5,988.29 |
6,021.45 |
-0.55 |
|
Malaysia |
1,733.61 |
1,737.49 |
-0.22 |
|
Philippines |
8,379.64 |
8,330.02 |
+0.60 |
|
Singapore |
3,399.09 |
3,419.13 |
-0.59 |
|
Vietnam |
880.90 |
879.34 |
+0.18 |