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First Republic bank bailout boosts Southeast Asian stocks

The main stock markets of Southeast Asia ended the sessions this Friday with widespread gains as a result of the injection of liquidity to First Republic Bank activated by more than a dozen US banks and after doubts during several days in the world banking sector.

The decision to inject 30,000 million dollars into the ailing First Republic Bank, at a time marked by uncertainties about the health of the financial sector that have left the bankruptcies of Silicon Valley Bank and Signature Bank in the US, cheered today from the opening to operators in the region.

The Indonesian parquet led the green numbers, while the Vietnamese market was the only one to register a drop.

In Singapore, the city-state stock rose 27.74 points, or 0.88 percent, and the STI index ended at 3,183.28 units.

In Indonesia, the Jakarta market rose 112.51 points, or 1.71 percent, so that the JCI composite indicator ended with 6,678.24 integers.

In Thailand, the Bangkok parquet added 14.38 points, 0.93 percent, and the selective SET stood at 1,569.03 units.

In Malaysia, the Kuala Lumpur stock market gained 20.13 points, or 1.45 percent, and the KLCI index closed at 1,411.73 points at the end of the session.

In the Philippines, the Manila stock market advanced 64.81 integers, or 1.01 percent, and the PSEi composite indicator stood at 6,469.72 points.

In Vietnam, the VN index of the Ho Chi Minh stock market (formerly Saigon) closed the trading session with 1,045.14 units after losing 2.26 integers, or 0.22 percent.

Video via Twitter: @dw_espanol

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Source: Elmostrador





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