BENGALURU (Aug 29): Southeast Asian stock markets were subdued on Wednesday as a key deadline looms next week in the trade dispute between Washington and Beijing.
The public comment period for 25% US tariffs on another US$200 billion of Chinese goods is set to end on Sept 5 and the tariffs are expected to take effect in late September.
Malaysian shares retreated from a three-month high hit in the previous session, weighed down by healthcare and telecom stocks.
Dialog Group, down nearly 3%, was the biggest drag, while medical gloves and equipment maker Hartalega Holdings Bhd slid nearly 4%.
Financials weighed on the Philippine index with BDO Unibank dropping 1%. Aboitiz Equity Ventures was the biggest drag on the benchmark, falling nearly 3%.
Singapore stocks were marginally lower after two straight sessions of gains.
Conglomerate Jardine Matheson Holdings fell 1% while lender Oversea-Chinese Banking Corp retreated 0.6%.
Indonesian stocks ended 0.4% higher on the back of gains in consumer discretionary and energy stocks.
The index of the country's 45 most liquid stocks was up 0.6%.
Thai shares closed higher for a third straight session, eking out minor gains. PTT Global Chemical rose nearly 2% while real estate developer U City plunged over 30%.
SOUTHEAST ASIAN STOCK MARKETS
Change on the day
|Market||Current||Previous close||% move|
|Ho Chi Minh||988.17||995.19||-0.71|
Change on year
|Market||Current||End 2017||% move|
|Ho Chi Minh||988.17||984.24||0.40|