SE Asia Stocks -Rangebound on soft China data, lower crude oil prices
Nov 14 (Reuters) - Most Southeast Asian stock markets were trading rangebound on Friday following fresh signs of slowing Chinese growth, with lower crude oil prices dragging down energy shares across the region. Vietnam's benchmark VN Index extended its two-day falling streak as investors sold stocks following recent gains. The index fell 0.6 percent by 0709 GMT, underperforming peers in the region. Thailand's SET index was steady, Indonesia's Jakarta Composite Index edged down 0.1 percent, and Malaysia's main index was down 0.3 percent after official data showed the country's economy grew at its slowest pace this year during the third quarter. U.S. crude was down 0.75 percent at $73.64 a barrel at 0652 GMT to a new four-year low, a day after suffering a 3.9 percent slump amid oversupply. Concern over a slowing Chinese economy, the second largest in the world, also weighed on sentiment, as factory growth in October dipped and investment growth hit a near 13-year low. In Singapore, industrial conglomerate Keppel Corp Ltd and Sembcorp Industries Ltd fell 1.4 percent and 1.7 percent respectively on falling oil as concerns loomed over possible adverse impact on their offshore arms. Thailand's top oil firm PTT and PTT Exploration and Production lost 0.5 percent and 1.4 percent respectively, weighing down the overall index, although financials cushioned the fall. Bucking the trend, Singapore and Philippines were up 0.2 percent and 0.3 percent, respectively. For Asian Companies click; For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change at 0706 GMT Market Current Prev Close Pct Move Singapore 3309.86 3304.93 +0.15 Kuala Lumpur 1811.51 1815.81 -0.24 Bangkok 1577.13 1577.21 -0.01 Jakarta 5044.93 5048.67 -0.07 Manila 7216.75 7198.63 +0.25 Ho Chi Minh 599.81 603.16 -0.56 (Reporting by Shihar Aneez; Editing by Biju Dwarakanath)
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