SE Asia stocks rise as risk appetite recovers
- 7 Sep 2017 at 17:22
- WRITER: REUTERS
Most Southeast Asian stock markets rose on Thursday following a recovery in global markets after US President Donald Trump forged a surprising deal with Democrats to extend the debt limit, erasing fears of a government shutdown.
Investors looked beyond the lingering tensions surrounding North Korea that had dampened sentiment this week, as Trump embraced his political adversaries to extend the debt limit and provide government funding until Dec 15.
Investors will follow global cues until they find "some really big developments" arising out of Southeast Asia, said Taye Shim, head of research at Mirae Asset Sekuritas.