Indonesia leads regional losses
BANGKOK: Southeast Asian stocks mostly fell on Wednesday, taking leads from markets across the globe ahead of the US Federal Reserve decision on scaling back of monetary stimulus.
Jakarta’s Composite Index was the weakest performer, sliding 1.2 per cent to 4,463.25 at close, near its day’s low.
The exchange saw relatively moderate trading as selling hit banking shares due to concerns about a new mortgage regulation that could hurt loan growth.
Other regional indexes ended modestly lower in thin activity, including Thailand, Malaysia and the Philippines.
The Malaysian bourse said foreign investors were net sellers worth RM73 million on the day while domestic institutions bought shares for nearly RM99 million.
Singapore eked out a small gain, helped by selective buying in large caps, with banking shares such as Oversea-Chinese Banking Corporation Ltd among the outperformers.-- Reuters