SE Asia Stocks-Thai, Vietnam shares rise on Fed rate cut hopes

U.S. stocks bounced overnight, with Asian shares in tow as the prospect of an interest rate cut pointed to more capital flows into high-yield risk assets such as equities. 

Thai index rose about 0.6% to its highest in more than three weeks, with heavyweight energy stocks leading broad-based gains. Oil and gas explorer PTT Pcl was the biggest boost to the benchmark, with the stock rising 1.1%. 

Trading volumes in Thailand were at less than a tenth of their 30-day average.

 Vietnam market rose about 0.5% with real estate stocks leading gainers. Developer Vingroup JSC rose about 0.8% and was the biggest boost to the index. 

Trading volumes in Vietnam were also well below their 30-day average. 

Markets in Singapore, Indonesia, Malaysia and the Philippines are closed for a public holiday on Wednesday.

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SOUTHEAST ASIAN STOCK MARKETS AS AT 0331 GMT
    
 Change on the day                            
 Market             Current   Previous close  Pct Move
 Bangkok            1648.1    1637.69         0.64
 Ho Chi Minh        955.8     951.16          0.49
                                              
 Change on year                               
 Market             Current   End 2018        Pct Move
 Singapore          3142.37   3068.76         2.40
 Bangkok            1648.1    1563.88         5.39
 Manila             7945.37   7466.02         6.42
 Jakarta            6209.117  6194.498        0.24
 Kuala Lumpur       1644.09   1690.58         -2.75
 Ho Chi Minh        955.8     892.54          7.09
 
 (Reporting by Ambar Warrick in Bengaluru; editing by Gopakumar
Warrier)