SE Asia stocks rise as risk appetite gets Wall Street boost

  • 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%.

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