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SE Asia Stocks-Fall after hawkish Fed minutes

* Singapore slips, real estate stocks top losers

* Indonesia retreats from two-week closing high

By Rashmi Ashok

Oct 18 (Reuters) - Southeast Asian stock markets fell on

Thursday, in line with broader Asia after minutes from the U.S.

Federal Reserve's September meeting affirmed expectations that

the central bank is likely to continue raising interest rates

this year.

Despite U.S. President Donald Trump's criticism, all Fed

policymakers backed raising interest rates last month and also

generally agreed borrowing costs were set to rise further.

"A slightly more hawkish tone in the FOMC (Federal Open

Market Committee) September minutes, which prompted the 10-year

UST bond yield higher... may also dampen any near-term

enthusiasm for extending the Asian equity rally for now," OCBC

analysts said in a note.

Singapore shares edged lower, dragged mainly by real

estate stocks after the city-state announced stricter guidelines

on the maximum number of units in new blocks of private flats

and condominiums in a move to tackle what authorities have

called "excessive development of shoebox units".

"It's a knee-jerk reaction because markets were not

expecting another set of cooling measures so soon," said Joel

Ng, an analyst with KGI Securities.

The new rules will lead to a fall in prices which will eat

into developers' margins, he said, adding that, "There really is

no reason for holding developers at this point given the

potential headwinds going forward."

Sector heavyweight City Developments Ltd fell 2.3

percent, while UOL Group Ltd declined 2.2 percent.

Philippine stocks were marginally lower after

shedding as much as 0.6 percent earlier in the day.

Real estate and financial stocks were the biggest losers.

Conglomerate Ayala Corp fell 0.9 percent and

Metropolitan Bank & Trust Company shed 0.7 percent.

Indonesian shares fell from a two-week closing high

hit in the previous session. Banks were top losers followed by

telecom stocks. PT Bank Central Asia Tbk shed 1.3

percent, while PT Telekomunikasi Indonesia Tbk

declined 2 percent.

Malaysian stocks edged lower with Petronas Gas Bhd

losing 1.2 percent and investment holding company Sime

Darby Bhd down 1.2 percent.

Thai shares slipped up to 0.5 percent, dragged by

banking and energy stocks.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS AS AT 0415 GMT

Market Current Previous close Pct Move

Singapore 3069.05 3071.1 -0.07

Bangkok 1688.53 1695.04 -0.38

Manila 7093.83 7099.68 -0.08

Jakarta 5835.837 5868.62 -0.56

Kuala Lumpur 1737.72 1740.59 -0.16

Ho Chi Minh 967.07 971.6 -0.47

Change on year

Market Current End 2017 Pct Move

Singapore 3069.05 3402.92 -9.81

Bangkok 1688.53 1753.71 -3.72

Manila 7093.83 8558.42 -17.11

Jakarta 5835.837 6355.654 -8.18

Kuala Lumpur 1737.72 1796.81 -3.29

Ho Chi Minh 967.07 984.24 -1.74

(Reporting by Rashmi Ashok; Editing by Subhranshu Sahu)