Thai stocks hit 2-month closing high, lead Southeast Asia peers
- 28 Aug 2017 at 18:31
- WRITER: REUTERS
The Stock Exchange of Thailand main index outperforms other Southeast Asian markets on Monday. (Bangkok Post file photo)
Most Southeast Asian stock markets rose on Monday as energy stocks gained due to disruptions from Hurricane Harvey that battered the US Gulf Coast, with Thailand closing at a two-month high as easing political tensions boosted sentiment.
US traders were seeking to import oil product cargoes from North Asia after Harvey forced refineries across the US Gulf Coast to shut down, refining and shipping industry sources said on Monday.
Sentiment was also supported as China's major stock indexes rose to 20-month highs on Monday, lifted by financial shares and a spate of forecast-beating earnings reports from state industrial giants.