Each week, we provide an overview of the percent returns of the primary indices in Southeast Asia and their currency appreciation or depreciation relative to the US Dollar. We provide this information below. We also capture this information, as well as the trailing four and year-to-date movements, and plot the data in charts, which you can find on the “index charts” and “currency charts” pages.
During the week of 12 February, most stock exchanges in Southeast Asia experienced modest gains, reversing some of the losses from the previous week. Vietnam’s two indices led all gains, with both jumping more than five percent, while the Cambodia Securities Exchange index and Lao Securities Exchange index were the only indices to fall over the week.
The central banks of Indonesia and Thailand met during the week and announced they would maintain their respective benchmark interest rates. The Philippine central bank announced that it would reduce by one percent its reserve requirement ratio as part of an operational adjustment to support the bank’s “shift toward a more market-based implementation of monetary policy” and to support the bank’s broader reform agenda, according to a press statement from the bank.
- Hanoi Stock Exchange Index (HNX), 5.80%
- Ho Chi Minh Stock Exchange Index (VNI), 5.56%
- Myanmar’s Myanpix index (YSX), 2.11%
- Singapore’s Straits Times Index (STI), 1.96%
- Jakarta Stock Exchange index (JSX), 1.32%
- Philippine Stock Exchange index (PSEi), 1.28%
- Stock Exchange of Thailand index (SET), 1.09%
- Kuala Lumpur Composite Index (KLCI), 1.01%
- Cambodia Securities Exchange index (CSX), -0.33%
- Lao Securities Exchange index (LSX), -1.78%
Seven of the nine Southeast Asian currencies advanced relative to the US Dollar the week of 12 February, with the Malaysian Ringgit, Thai Baht, and Singapore Dollar each gaining more than one percent. The Philippine Peso fell 1.29%, depreciating to levels not seen since 2006.
- Malaysian Ringgit (MYR), 1.60%
- Thai Baht (THB), 1.29%
- Singapore Dollar (SGD), 1.20%
- Indonesian Rupiah (IDR), 0.39%
- Lao Kip (LAK), 0.26%
- Myanmar Kyat (MMK), 0.20%
- Cambodian Riel (KHR), 0.12%
- Vietnamese Dong (VND), -0.04%
- Philippine Peso (PHP), -1.29%