SE Asia stocks higher on Wall Street rally, stimulus hopes
Southeast Asian stocks closed higher on 12 July as risk appetite improved after an overnight rally on Wall Street and as a new round of monetary easing from Japan raised expectations of more stimulus from global policy makers. In Japan, Prime Minister Shinzo Abe ordered a new round of fiscal stimulus spending after a crushing election victory over the weekend as evidence mounted the corporate sector is floundering due to weak demand. The Stock Exchange of Thailand and other Southeast Asian markets rose in line with their Asian peers.
