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Most South-east Asia markets down; Singapore gains

Published on Apr 14, 2014 2:26 PM

HANOI (Reuters) - Most South-east Asian stock markets edged down on Monday, while the Singapore index climbed on expectation of an economic rebound from a weak first quarter and Indonesian shares recouped after a post-election slump.

Singapore's benchmark Straits Times Index was up 0.4 per cent, ending two straight sessions of losses, after the country's central bank said it would keep its tight monetary policy stance on expectation of only moderate economic growth this year.

"Barring a significant shock in the external environment, the Singapore economy should expand at a moderate pace over the course of the year," the Monetary Authority of Singapore said in its half-yearly statement.

Industrial conglomerate Jardine Matheson Holdings and subsidiary Jardine Strategic Holdings Ltd were the top gainers on the Singapore market.

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