SE Asia Stocks-Mixed; Malaysia led decline on poor earnings results

June 1, 2015 4:40 AM

63 0

JAKARTA, June 1 Southeast Asian stock markets were mixed on Monday with Malaysian shares posting the biggest decline following disappointing earnings results.

Malaysia's main stock index fell 0.7 percent, led by telecommunications company Telekom Malaysia Bhd which was down by 4.4 percent and set for its biggest decline since March, 2014. The company posted a 39 percent slump in first quarter net profit due to higher costs, broker Maybank KimEng said in a...

Also read: US stocks hold higher after release of Fed's Beige Book; energy rises 2%

Read more

To category page