Wednesday, May 25, 2016

SE Asia Stocks-Strong U.S. home sales data boosts risk appetite

By Aparajita Saxena

May 25 (Reuters) - Southeast Asian stocks closed higher on

Wednesday as investor risk appetite got a boost on data showing

new home sales in the U.S. raced to a more than eight-year peak

in April, while rising global oil prices helped energy shares

gain.

U.S. home prices also hit a record high, with the report

coming in the wake of fairly upbeat data on home resales and

residential construction, offering further evidence of a pick-up

in economic growth early in the se

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