Most Southeast Asian stock markets, including the Stock Exchange of Thailand, rose on Friday and closed the quarter on a positive note, as global tensions plaguing emerging markets of late receded.
"Over the past couple of months, we have seen some global tensions across China, US and Turkey which stimulated the flight to safety... Asian markets, especially Indonesia, were one of the must hurt markets in the world," said Taye Shim, head of research at Mirae Asset Sekuritas.
"But investors are now trying to reassess their investment thesis on emerging markets because prices have fallen quite significantly. So, in terms of valuation, there are now signs that the values are a little bit more attractive in the emerging-market space."
The SET index ended 0.20% higher to 1,756.41, in trade worth 57 billion baht.
Banking stocks and consumer staples helped Indonesian equities advance 0.8%.
Indonesian shares fell 0.7% this month, but gained 3.1% for July-September, their first in three quarters.
Bank Central Asia Tbk PT and Bank Rakyat Indonesia (Persero) Tbk PT were among the top helps on Friday, rising 0.6% and 2.6%, respectively.
Singapore shares closed higher for a seventh session in eight, aided by gains in financial and real estate stocks.
United Overseas Bank Ltd and Ascendas Real Estate Investment Trust climbed 0.9% and 1.9%, respectively.
Singapore shares gained 1.4% this month, but shed 0.4% for the quarter.
Vietnam shares closed slightly higher on Friday, helped by real estate and financial stocks. Vinhomes JSC was the top boost with a gain of 1.9%, while Joint Stock Commercial Bank for Investment and Development climbed 1.6%.
Data showed industrial production in September rose 9.1% from a year earlier, while the General Statistics Office said the economy was estimated to have grown 6.98% over January-September, the fastest nine-month growth since 2011.
Vietnam shares climbed 2.8% this month and 5.9% this quarter.
Philippines equities reversed earlier gains to end the session 0.6% lower on Friday, weighed down by real estate and industrial stocks.
Ayala Land Inc and Ayala Corp were the top burdens on the benchmark stock index.
