November 14, 2016 / 5:11 AM / 2 years ago

SE Asia Stocks-Fall in line with regional peers; Indonesia slumps 3 pct

By Susan Mathew
    Nov 14 (Reuters) - All Southeast Asian stock markets fell on
Monday in line with regional peers as risks of faster U.S.
inflation and wider budget deficits sent Treasury yields ever
higher, a painful mix for assets in many emerging markets.
    The dollar bounded above 107 yen in brisk morning trade to
hit 107.37 and touched a nine-month peak against a basket
of currencies. 
    "A lot of people think that the U.S. economy will improve
under (President-elect Donald) Trump's presidency and so the
dollar is strengthening and this has resulted in money going
back from emerging markets to the United States," says Harry Su,
an analyst with Bahana Securities in Indonesia.
    Indonesian shares fell as much as 3 percent to their
lowest level in over two months, with the telecom services and
financial sectors taking a plunge.
    "We expect the Jakarta Composite Index to undergo another
weak trading session on the back of escalating uncertainties
related to the U.S. economic policies," said Taye Shim, an
analyst with Daewoo Securities in Indonesia.
    "We believe investors are unwinding their positions in the
emerging market space and expect price weakness to continue
until the dust settles," said Shim, adding that foreign
investors had already sold shares worth a net 2.5 trillion
rupiah ($187.34 million) on Monday. 
    Bank Central Asia Tbk PT fell 3.6 percent, while
Telekomunikasi Indonesia (Persero) Tbk PT slumped
nearly 8 percent.
    MSCI's broadest index of Asia-Pacific shares outside Japan
 was off 1 percent, with investor sentiment
further hit by Chinese data showing weaker-than-forecast
industrial output and retail sales growth. 
    Philippine shares fell over 1 percent to their lowest
in eight months with financials and property, and telecom stocks
leading the decline.
    Property developer SM Prime Holdings Inc and
telecom company PLDT Inc dropped about 1 percent each.
    Thai stocks declined more than 1 percent to their
lowest in four months, led by energy and consumer stocks.
For Asian Companies click;  

  Market            Current       Previous Close  Pct Move
  Singapore         2791.32       2814.6          -0.83
  Bangkok           1481.54       1494.53         -0.87
  Manila            6897.3        6975.09         -1.12
  Jakarta           5081.358      5231.971        -2.88
  Kuala Lumpur      1619.2        1634.19         -0.92
  Ho Chi Minh       676.31        679.2           -0.43
  Change on year                                  
  Market            Current       End 2015        Pct Move
  Singapore         2791.32       2882.73         -3.17
  Bangkok           1481.54       1288.02         15.02
  Manila            6897.3        6952.08         -0.79
  Jakarta           5081.358      4593.008        10.63
  Kuala Lumpur      1619.2        1692.51         -4.33
  Ho Chi Minh       676.31        579.03          16.80
 ($1 = 13,345.0000 rupiah)

 (Reporting by Susan Mathew in Bengaluru; Editing by Subhranshu
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