Monday, May 30, 2016

SE Asia Stocks-Most rise after Yellen's comment

By Rushil Dutta

May 30 (Reuters) - Most Southeast Asian stock markets rose

on Monday as a top U.S. Federal Reserve official echoed comments

made by Fed Chair Janet Yellen last week about the possibility

of an interest rate hike in the near future.

St. Louis Federal Reserve President James Bullard said on

Monday global markets appeared to be "well-prepared" for an

interest rate rise in summer, although he did not specify a date

for the policy move.

On Friday, Yellen had said the Fed

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