SE Asia stocks rise as risk appetite gets Wall Street boost
- 21 Apr 2017 at 17:59
- WRITER: REUTERS
Southeast Asian stock markets ended higher on Friday as risk sentiment received a boost from a Wall Street rally on hopes of strong earnings and a US tax reform, and a mild recovery in commodity prices.
The Indonesian benchmark index rose 1.2%, its biggest intraday gain since mid-March, bringing the weekly gain to 0.9%.
The session's gains were concentrated in telecom and consumer stocks, with conglomerate Astra International Tbk PT gaining 6.7%.