SE Asia Stocks-Fall; Indonesia sees worst day in over a year

By Nikhil Nainan

Nov 30 (Reuters) - Southeast Asian stock markets fell

sharply on Thursday with Indonesia registering its biggest daily

fall in over a year as financials and consumer staples slipped,

while Singapore shares marked their lowest close in a week.

Indonesian shares, down 1.8 percent, recorded their

biggest intraday percentage drop since Nov 2016. The index lost

0.9 percent this month. Bank Central Asia Tbk PT, down

3.9 percent at its lowest in a month, was the biggest drag.

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

fell 1.6 percent after U.S. technology stocks

posted steep losses overnight, as investors shifted to

financials and other sectors that could potentially benefit from

lower regulation and taxes, as well as higher interest rates.

Singapore shares fell 0.2 percent to their lowest in

a week as losses in industrials were partially offset by gains

in financials and real estate stocks, but were up 1.8 percent on

month.

"SIBOR spiked up late, suggesting a liquidity crunch.

Moreover, the MAS has stepped forward to warn of excessive

exuberance in the property market. These headlines have dragged

on sentiment and on the market” said Liu Jinshu, director of

research at NRA Capital in Singapore.

Malaysian stocks retreated 0.15 percent as losses in

consumer discretionary and financial stocks outweighed gains in

Sime Darby Bhd, which rose 27 percent, after the

company’s plantation and property units debuted on the exchange.

The index is down 1.7 percent for the month.

Thai shares fell 0.5 percent as economic data

suggested recovery in Southeast Asia's second-largest economy is

still patchy.

Financial markets in the Philippines were closed for a

public holiday.

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SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON THE DAY

Change on the day

Market Current Previous close Pct Move

Singapore 3433.54 3438.99 -0.16

Bangkok 1697.39 1705.33 -0.47

Jakarta 5952.138 6061.367 -1.80

Kuala Lumpur 1717.86 1720.38 -0.15

Ho Chi Minh 949.93 952.14 -0.23

Change so far this year

Market Current End 2016 Pct Move

Singapore 3433.54 2880.76 19.19

Bangkok 1697.39 1542.94 10.01

Manila 8254.03 6840.64 20.66

Jakarta 5952.138 5296.711 12.37

Kuala Lumpur 1717.86 1641.73 4.64

Ho Chi Minh 949.93 664.87 42.87

(Reporting by Nikhil Kurian Nainan; Editing by Vyas Mohan)