SE Asia Stocks-Thai SET index near 3-wk low; outflows hit Malaysia, Indonesia
BANGKOK, Dec 8 (Reuters) - Southeast Asian stocks fell on Monday as lower crude oil prices hit energy shares, dragging the key Thai index to the lowest in almost three weeks, while stocks in Malaysia and Indonesia slipped amid foreign outflows and weak currencies. The Thai stock market was an underperformer due to late selloffs in large-cap energy stocks fuelled by further weaknesses in crude oil markets after Morgan Stanley cut its forecasts. The key SET index was down 1.4 percent at 1,575.55, the lowest close since Nov. 20. Shares of Thailand's number two energy firm PTT Exploration and Production dropped 3.8 percent to 127 baht, a level last seen in November 2009. Oil-related stocks led among the losers across exchanges, including Malaysia's Petronas Chemicals Group Bhd, Singapore's Noble Group Ltd and Indonesia's coal shares such as PT Berau Coal Energy Tbk. Foreign investors were net sellers of Malaysian shares worth a net 293.26 million ringgit ($83.93 million) and Indonesian shares worth a net 391.79 billion rupiah ($31.73 million), stock exchange and Thomson Reuters data showed. Malaysia's ringgit and Indonesia's rupiah hit their weakest since the 2008-09 global financial crisis on Monday as emerging Asian currencies lost ground after solid U.S. job data boosted the chance of an early Federal Reserve interest rate hike. The Philippine stock market was closed on Monday due to heavy rains and strong winds caused by Typhoon Hagupit. For Asian Companies click; For South East Asia Hot Stock reports, click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Prev Close Pct Move Singapore 3297.84 3324.39 -0.80 Kuala Lumpur 1740.84 1749.37 -0.49 Bangkok 1575.55 1597.76 -1.39 Jakarta 5144.01 5187.99 -0.85 Ho Chi Minh 571.68 578.76 -1.22 Change on year Market Current End 2013 Pct Move Singapore 3297.84 3167.43 +4.12 Kuala Lumpur 1740.84 1866.96 -6.76 Bangkok 1575.55 1298.71 +21.32 Jakarta 5144.01 4274.18 +20.35 Manila -- 5889.83 +22.76 Ho Chi Minh 571.68 504.63 +13.29 ($1 = 3.4940 ringgit) ($1 = 12,347.0000 rupiah) (Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)
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