SE Asia Stocks-Most tepid as dismal euro zone data stokes slowdown fears

* Indonesian shares at 7-week low * Malaysian stocks on track to fall for second session * Thai stocks little changed after Aug manufacturing data By Anushka Trivedi Sept 24 (Reuters) – Most Southeast Asian stock markets were subdued on Tuesday as poor business activity readings from the euro zone and concerns about slowing global growth kept risk appetite in check. The manufacturing sector was in doldrums in Germany, Europe’s biggest economy, while the French business activity also shrank in September, a survey on Monday showed, as global trade issues caught up to the euro bloc and stoked fears of a recession. “The world’s economic growth momentum has stuttered amid heightened global trade tensions … Any sudden spike in geopolitical or trade tensions, along with a rapid deterioration in the global economy’s projected path forward, is expected to return safe-haven assets to 2019 highs,” Han Tan, market analyst at FXTM said in a note.

source https://sg.news.yahoo.com/se-asia-stocks-most-tepid-041502521.html?.tsrc=rss

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