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Bangkok Post
Bangkok Post
Business
BANGKOK POST AND REUTERS

SET rises for third straight session, Indonesia stocks gain

The Stock Exchange of Thailand index rose, while other 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 $200 billion of Chinese goods is set to end on Sept 5 and the tariffs are expected to take effect in late September.

The SET index gained 4.11 points or 0.24% to end the day at 1,722.26, in turnover of 38 billion baht.

The Thai market closed higher for a third straight session, eking out minor gains. PTT Global Chemical Plc rose nearly 2% while real estate developer U City plunged over 30%. 

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%.

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