Asean shares advance, but Hong Kong a concernRecap: Emerging market stocks and currencies traded sideways yesterday as investors waited to see how the US would respond to China's security law on Hong Kong. Most Asean bourses advanced on news of more easing of mobility restrictions in the Philippines, Thailand and Indonesia. Institutional investors were net buyers of 8.7 billion baht, foreign investors bought 1.5 billion and brokerage firms purchased 341.3 million worth of shares. Newsmakers: China officially has the power to quash unrest in Hong Kong, after legislators on Thursday approved a plan to suppress subversion, secession, terrorism and other acts that might threaten national security in the territory. Tensions have been exacerbated further by the passage of the Hong Kong security law, which might cause Washington to remove the territory's special trade treatment.

Source: Bangkok Post May 29, 2020 21:33 UTC