Southeast Asian Countries show evidence of a Greek exit’s economical consequence for the region. Investors unload risky assets amid a worsening Greek crisis where the country and its EU lenders fail to find a solution for the crisis.
Singapore’s Straits Times Index was down by 1.4 per cent, the lowest since January 7, About 20 out of 30 stocks were lower this morning.
Malaysia’s key Bourse index saw broad-based selling from investors spooked from the aftermath of a possible Greek exit. As many as 28 out of 30 stocks were down by 1.2 per cent, it’s lowest since December 18 2014.
Bangkok’s SET index traded 0.9 per cent lower.
According to Maybank Kim Eng Securities said the Greek situation will pressure worldwide markets.
Indonesian, Philippine and Vietnamese Indexes reversed its gains. Vietnam, however, reversed its losses as it rebounded 0.8 per cent from its fourth straight loss on Friday.