Coronavirus pandemic has hit stocks hard but there are small signs of improvement. <\/p>\n\n\n\n\n\n\n\n
Singapore.- Stocks in Southeast Asia recorded their worst month since 2008 as a result of the global Coronavirus pandemic.<\/p>\n\n\n\n
Markets shed between 15 per cent and 32 per cent in the quarter, while most markets posted their biggest quarterly fall in over two decades. <\/p>\n\n\n\n
A rise in infections and deaths from Coronavirus were reported across the region, which was the original epicentre of the outbreak.<\/p>\n\n\n\n
According to Reuters though, strong factory activity from China pushed most of the indexes higher on Tuesday. <\/p>\n\n\n\n
With China being the region’s biggest trading partner, it shows potential signs of a small recovery especially considering the collapse in the previous month, although analysts warn that the global pandemic would continue to pressure the region’s economy. <\/p>\n\n\n\n
Singaporean equities rose to over 2 per cent, with Jardine Matheson Holdings and Jardine Strategic Holdings adding over 6 per cent each.<\/p>\n\n\n\n
Thai stocks advanced 3.5 per cent, with gains underpinned by financial and energy stocks. The Siam Commercial Bank and PTT Pcl rose 7 per cent and 5.2 per cent respectively. <\/p>\n\n\n\n
Thailand’s current account surplus was $5.4billion in February, up from a surplus of $3.44billionthe previous month, the central bank said on Tuesday. <\/p>\n\n\n\n
The Indonesian benchmark jumped on consumer staples and healthcare stocks. President Joko Widodo also announced $25billion in spending to fight the virus.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coronavirus pandemic has hit stocks hard but there are small signs of improvement.<\/p>\n","protected":false},"author":2,"featured_media":3659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Southeast Asian stock markets experienced their most significant quarterly decline in over two decades due to the global Coronavirus pandemic, with markets shedding 15-32%. While analysts warn of continued economic pressure, recent strong factory activity in China and specific market gains in Singapore, Thailand, and Indonesia indicate nascent signs of potential recovery.","focusai_entities":"Jardine Matheson Holdings, Jardine Strategic Holdings, The Siam Commercial Bank, PTT Pcl, Joko Widodo","focusai_location":"Singapore, Southeast Asia, China, Thailand, Indonesia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"SEA Market Outlook","query":"Given the nascent recovery signals from China and specific market gains, what are the projected timelines for a sustained rebound in Southeast Asian equities, and which sectors are anticipated to lead this recovery?"},{"label":"Fiscal Stimulus Impact","query":"How might Indonesia's $25 billion fiscal stimulus package, alongside similar regional initiatives, influence capital flows and investor sentiment across Southeast Asian markets in the next two quarters?"}],"footnotes":""},"categories":[160,163,16333],"tags":[227,12600,169],"class_list":["post-5088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-finance-news","category-south-east-asia-news","tag-china","tag-focus-gaming-news","tag-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5088"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5088\/revisions"}],"predecessor-version":[{"id":5107,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5088\/revisions\/5107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3659"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}