September 1, 2016 / 5:32 AM / 2 years ago

SE Asia Stocks-Fall ahead of key U.S. jobs data

Sept 1 (Reuters) - Most Southeast Asian stocks fell on
Thursday, in line with Asian peers, as investors shrugged off an
official survey showing Chinese factory activity unexpectedly
expanded in August, to focus on a U.S. jobs report that could
determine the timing of a rate increase by the Federal Reserve.
    U.S. nonfarm payrolls data due on Friday remains this week's
key market focus after Federal Reserve Vice Chair Stanley
Fischer said last week the data would be a factor as to when the
central bank hikes interest rates. 
    Employers are expected to have added 180,000 jobs in August,
according to the median estimate of 89 economists polled by
    "People are waiting for the data tomorrow..Jobs data has
always been improving over the past few months..don't see any
reason why it will reverse," said Joseph Roxas, president at
Philippines-based Eagle Equities Inc.
    A private employment report, published ahead of the
government data, showed private payrolls increased by 177,000
jobs, in line with economists' expectations. 
    The markets were tepid to an official survey showing
activity in China's manufacturing sector unexpectedly expanded
at its fastest pace in nearly two years in August as
construction boomed, suggesting the economy is steadying in
response to stronger government spending. 
    Philippine shares fell as much as 1.8 percent to a
two-month low, on track to post a seventh session of losses, led
by consumer cyclicals and non-cyclicals.
    SM Investments Corp and GT Capital Holdings Inc
 lost more than 2 percent each.
    The market is still in correction and has been overbought
for a while, Roxas said.
    Indonesia fell as much as 1 percent, led by 
utilities and consumer cyclicals.
    PT Perusahaan Gas Negara, a state gas distribution
firm, was the second biggest decliner on the index, falling as
much as 5.6 percent.
    Vietnam fell 0.7 percent, while Malaysia was
down marginally.
    Singapore shares bucked the trend to rise as much as
0.6 percent. 
    Asian shares fell, with MSCI's broadest index of
Asia-Pacific shares outside Japan down 0.5
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  STOCK MARKETS                                           
  Change at 0425 GMT                                      
  Market              Current       Prev close   Pct Move
  Singapore           2832.56       2820.59      0.42
  Bangkok             1547.18       1548.44      -0.08
  Manila              7684.71       7787.37      -1.32
  Jakarta             5340.562      5386.082     -0.85
  Kuala Lumpur        1672.59       1678.06      -0.33
  Ho Chi Minh         670.07        674.63       -0.68
  Change this year                               
  Market              Current       End 2015     Pct Move
  Singapore           2832.56       2882.73      -1.74
  Bangkok             1547.18       1288.02      20.12
  Manila              7684.71       6952.08      10.54
  Jakarta             5340.562      4593.008     16.28
  Kuala Lumpur        1672.59       1692.51      -1.18
  Ho Chi Minh         670.07        579.03       15.72

 (Reporting by Geo Tharappel in Bengaluru; Editing by Biju
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