Monday 13 June 2016

SE Asia stocks fall as China data disappoints

Southeast Asian stock markets fell on Monday, in line with their Asian peers as disappointing Chinese data and concerns ahead of a referendum that could see Britain exiting the European Union fuelled existing bearish sentiment.

Investors are also awaiting key central bank meetings this week in the United States, the UK, Switzerland and Japan.

All  are expected to hold monetary policy steady against a backdrop of caution heightened by the global impact from a possible Brexit.

Asian shares fell to a two-month low after Chinese data released over the weekend offered nothing to reassure investors.

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