SE Asian stocks jump, S'pore leads gains

| Updated: October 25, 2017 04:25:55

File Photo (Reuters) File Photo (Reuters)

Southeast Asian stock markets gained on Thursday, tracking a rally in global equities, with Singapore leading the gains and Thailand hitting a 24-year peak yet again.

Asian stocks rose to a decade-high as Wall Street hit record closes overnight, reports Reuters.

Singapore shares climbed as much as 0.8 per cent to a more than eight-week high.

Financial stocks accounted for nearly half the gains on the index, with Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd gaining more than 1.0 per cent each.

Philippine shares climbed as much as 0.3 per cent, driven largely by industrial stocks.

SM Investments Corp and Ayala Corp each gained as much as 1.7 per cent.

Thai shares rose as much as 0.3 per cent and were set for a third straight winning session, led by financials and energy stocks.

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