26 Nov SE Asia Stocks-Subdued on China crackdown fears; Vietnam near decade high
Nov 27 (Reuters) – Most Southeast Asian stock markets ended
lower on Monday amid concerns of a regulatory crackdown in
China, while Vietnam shares closed near a decade high led by
real estate and utility stocks.
Chinese shares fell as sentiment took a hit from rising bond
yields after Beijing stepped up a crackdown on shadow banking
and other riskier forms of financing, with higher borrowing
costs threatening to squeeze corporate profits.
MSCI’s broadest index of Asia-Pacific shares
lower on Monday amid concerns of a regulatory crackdown in
China, while Vietnam shares closed near a decade high led by
real estate and utility stocks.
Chinese shares fell as sentiment took a hit from rising bond
yields after Beijing stepped up a crackdown on shadow banking
and other riskier forms of financing, with higher borrowing
costs threatening to squeeze corporate profits.
MSCI’s broadest index of Asia-Pacific shares
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