东南亚指数双周报第14期：马来领涨，越南走弱-20251223

Performance Overview - Southeast Asia ETF rose by 1.59%, with Malaysia leading the gains while Vietnam weakened[37] - The Southeast Asia Technology ETF dropped by 4.76%, underperforming the broader Southeast Asia ETF by 6.36 percentage points[37] Country-Specific Performance - iShares MSCI Indonesia ETF fell by 0.42%, underperforming by 2.02 percentage points, indicating a stable market with mixed macro growth expectations[38] - iShares MSCI Singapore ETF decreased by 0.81%, underperforming by 2.40 percentage points, reflecting cautious market sentiment due to diverging business confidence[38] - iShares MSCI Thailand ETF increased by 0.44%, underperforming by 1.16 percentage points, amid limited monetary easing effects and structural growth challenges[38] - iShares MSCI Malaysia ETF rose by 3.73%, outperforming by 2.14 percentage points, supported by local currency appreciation and external capital inflows[38] - Global X MSCI Vietnam ETF dropped by 1.00%, underperforming by 2.59 percentage points, as market sentiment reversed due to concerns over domestic debt risks[38] Market Risks - Key risks include macroeconomic downturns and geopolitical uncertainties, which could impact market performance[36]