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 30 October, five of the ten indices in Southeast Asia increased, with the Lao Securities Exchange index rising the most and gaining 1.21%. The Hanoi Stock Exchange (HNX) had the greatest decline, falling 1.96%; the HNX has decreased approximately 5% since closing at 109.84 on 17 October, which was its highest close year-to-date.
On Tuesday, The World Bank announced its Ease of Doing Business rankings for 2018, which quantifies business-related factors and compares them across 190 countries. Many countries in Southeast Asia have discussed their intent to improve their ranking, but this year only three countries in the region improved while five declined. Singapore led the region and maintained its second position globally.
Figure 1.1: World Bank 2018 Ease of Doing Business Rankings
Source: The World Bank
*Note: Green indicates improved global ranking year-over-year; red indicates decline in global ranking year-over-year; and black indicates no change in global ranking year-over-year.
- Lao Securities Exchange index (LSX), 1.21%
- Jakarta Stock Exchange index (JSX), 1.08%
- Philippine Stock Exchange index (PSEi), 0.97%
- Ho Chi Minh Stock Exchange Index (VNI), 0.40%
- Myanmar’s Myanpix index (YSX), 0.00%
- Singapore’s Straits Times Index (STI), -0.12%
- Kuala Lumpur Composite Index (KLCI), -0.30%
- Stock Exchange of Thailand index (SET), -0.85%
- Cambodia Securities Exchange index (CSX), -1.09%
- Hanoi Stock Exchange Index (HNX), -1.96%
Seven of the nine Southeast Asian currencies advanced relative to the US Dollar the week of 30 October, with the Indonesian Rupiah increasing the most, appreciating 0.88%. The Cambodian Riel had the greatest decline, depreciating 0.07%.
- Indonesian Rupiah (IDR), 0.88%
- Philippine Peso (PHP), 0.66%
- Thai Baht (THB), 0.17%
- Malaysian Ringgit (MYR), 0.15%
- Singapore Dollar (SGD), 0.04%
- Lao Kip (LAK), 0.01%
- Myanmar Kyat (MMK), 0.00%
- Vietnamese Dong (VND), -0.01%
- Cambodian Riel (KHR), -0.07%