SE Asia Stocks-Mostly down ahead of US jobs data; Thai shares underperform

Fri Dec 6, 2013 10:58am GMT

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Dec 6 (Reuters) - Most Southeast Asian stock markets ended
weaker on Friday as uncertainty over a possible reduction in the
U.S. Federal Reserve's stimulus hit sentiment ahead of U.S. jobs
data, while Thailand underperformed the region due to political
tensions.
    The Thai stock market fell 1.1 percent to the lowest
since its Nov. 28 close, led by financials and energy shares.
    Bangkok has suffered a net outflow of $115.45 million on
Friday, extending the net foreign selling to more than $780
million in seven straight sessions through Friday. The market
was closed for a holiday on Thursday.
    Lingering political unrest and uncertainty over further
tension in Bangkok hit investor sentiment though there was calm
on Friday as protesters seeking to topple Thailand's government
stayed off the streets after halting their demonstration the day
before out of respect for the king on his birthday.
 
    Jakarta's Composite Index dropped 0.9 percent to a
three-month closing low, while Singapore's Straits Times Index
 lost 0.3 percent, ending near a three-month low.
    The markets have been factoring in concerns ahead of the
U.S. jobs data that could make or break the case for an imminent
scaling back in Fed stimulus.
    The Philippine index fell 0.3 percent to its lowest
since Nov. 25.
    Malaysia, bucking the trend, closed 0.1 percent up
at a record closing high, despite a $62.13 million outflow on
Friday. Vietnam's benchmark VN Index was almost unchanged
as blue chips moved in different directions. 
    
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SOUTHEAST ASIAN STOCK MARKETS
 Change on day
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   392.82        395.00       -0.55
 Singapore          3114.17       3124.38       -0.33
 Kuala Lumpur       1826.95       1824.86       +0.11
 Bangkok            1361.57       1376.63       -1.09
 Jakarta            4180.79       4216.89       -0.86
 Manila             6014.94       6090.95       -0.27
 Ho Chi Minh         510.12        510.03       +0.02
 
 Change on year
 Market             Current     End prev yr    Pct Move
 TR SE Asia Index*   392.82        424.10       -7.38
 Singapore          3114.17       3167.08       -1.67
 Kuala Lumpur       1826.95       1688.95       +8.17
 Bangkok            1361.57       1391.93       -2.18
 Jakarta            4180.79       4316.69       -3.15
 Manila             6014.94       5812.73       +3.48
 Ho Chi Minh         510.12        413.73      +23.30
 * The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
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