SE Asia Stocks-Slip as Fed, Brexit continue to weigh

June 14 (Reuters) - Most Southeast Asian stock markets fell

on Tuesday, tracking Asian stocks on concerns that next week's

referendum could push Britain out of the European Union, while

investors also awaited the outcome of the U.S. Federal Reserve's

policy meeting that begins later in the day.

Uncertainty over the two-day meeting has weighed on markets

though the U.S. central bank is widely expected to leave

interest rates unchanged after a much weaker-than-expected May

nonfarm payrolls report.

The Bank of England, Swiss National Bank and the Bank of

Japan will also meet this week and are expected to stand pat on

policy with the Brexit vote looming.

"MSCI's inclusion of China's A shares can also push the

markets further sideways or it could have a short-term negative

effect. Even though inclusion will only take effect next year,

it will reduce the weightage of other countries and have a

greater impact on larger markets," said Grace Aller, an analyst

with Manila-based AP securities.

New York-based index provider MSCI will decide on Tuesday

whether to allow yuan-denominated shares - or A shares traded in

mainland China - into its widely used Emerging Markets Index.

Philippine stocks opened lower, extending their losses from

the previous session, dragged by consumer cyclicals and telecom

service providers. SM Investment Corp fell 2.8 percent,

while Philippine Long Distance Telephone Co was down

1.4 percent.

The Philippine index tracked U.S. markets as Brexit concerns

continued to weigh, SB Equities said in a note, adding that an

exit is seen as likely to increase volatility in a still-fragile

world economy.

Vietnam shares fell 0.4 percent, with energy stocks

leading the losses. Bucking the trend, stocks in Indonesia

rose 0.13 percent and Thailand 0.3 percent.

MSCI's broadest index of Asia-Pacific shares outside Japan

fell 0.6 percent, after Wall Street lost ground

for the third straight session.

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SOUTHEAST ASIAN STOCK MARKETS

STOCK MARKETS

Change at 0435 GMT

Market Current previous Pct Move

close

Singapore 2778.77 2785.43 -0.24

Bangkok 1426.54 1421.86 0.33

Manila 7430.57 7554.4 -1.64

Jakarta 4813.709 4807.226 0.13

Kuala Lumpur 1626.2 1629.77 -0.22

Ho Chi Minh 620.83 623.58 -0.44

Change on year

Market Current End 2015 Pct Move

Singapore 2778.77 2882.73 -3.61

Bangkok 1426.54 1288.02 10.75

Manila 7430.57 6952.08 6.88

Jakarta 4813.709 4593.008 4.81

Kuala Lumpur 1626.2 1692.51 -3.92

Ho Chi Minh 620.83 579.03 7.22

(Reporting by Krishna V Kurup in Bengaluru; Editing by Anupama

Dwivedi)