SE Asia Stocks-Malaysia down as Q1 GDP growth slows; Philippines up

By Rushil Dutta May 13 Most Southeast Asian stocks were lower on Friday, with Malaysia posting its biggest intraday percentage loss in more than five months as GDP grew at its slowest quarterly pace since 2009, while the Philippine index rallied after losses a day earlier. Malaysia's economy expanded 4.2 percent in January-March compared with a year earlier, broadly in line with expectations but down from the 4.5 percent in the previous three months, as exports and domestic demand were weak. The FTSE Bursa Malaysia KLCI index fell 1.36 percent as of 0535 GMT, driven by basic materials.... read more

 
13 May 2016 in World News, Views: 33
Source: Reuters
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31