Market Overview - Southeast Asia ETF fell by 0.28% over the past two weeks (2025/11/08–2025/11/21), with regional markets slightly declining while Vietnam rebounded[40] - The Southeast Asia ETF outperformed Latin America, Africa, Japan, China, the UK, and the US, but lagged behind India[40] Country-Specific Performance - Indonesia's iShares MSCI Indonesia ETF decreased by 0.86%, underperforming by 0.59 percentage points due to mixed market signals[41] - Singapore's iShares MSCI Singapore ETF dropped by 2.81%, lagging by 2.54 percentage points, primarily due to weakening domestic demand[41] - Thailand's iShares MSCI Thailand ETF fell by 4.00%, underperforming by 3.72 percentage points, pressured by slowing economic growth and fiscal consolidation[41] - Malaysia's iShares MSCI Malaysia ETF rose by 0.23%, outperforming by 0.51 percentage points, supported by currency appreciation and strong economic growth[42] - Vietnam's Global X MSCI Vietnam ETF gained 4.12%, outperforming by 4.40 percentage points, driven by progress in US-Vietnam trade negotiations[42] Trading Volume and Liquidity - The Global X FTSE Southeast Asia ETF had a trading volume of 15.4 million shares, a decrease of 36.5% compared to the previous period[15] - Indonesia's iShares MSCI Indonesia ETF trading volume increased by 2.6% to 3.598 million shares, while Singapore's ETF volume rose by 21.0% to 11.078 million shares[15] Economic Indicators - Indonesia's GDP growth for Q3 2025 was 1.2%, the lowest in four years, indicating economic slowdown[24] - Malaysia's GDP grew by 5.2% in Q3 2025, the fastest growth in a year, reflecting strong domestic demand and external recovery[26] - Thailand's government aims to reduce the fiscal deficit from 4.4% to 3.9% of GDP, with a total budget of 788 billion baht for FY2027[24]
东南亚指数双周报第12期：区域回落，越南转涨-20251124
Haitong Securities International·2025-11-24 00:05