SE Asia Stocks-Fall; Philippines down more than 1 pct

By Chris Thomas

Dec 15 (Reuters) - Southeast Asian stock markets fell on

Friday, tracking Asian shares and Wall Street which slipped

overnight on concerns over potential roadblocks to U.S. tax

reform, with the Philippine index down more than 1 percent on

profit-taking.

Congressional Republicans reached a deal on final tax

legislation, but the conservative party faces opposition from

within as some Senators remained unsettled about their support

for the bill.

Asian shares dropped as much as 0.6

percent, their sharpest intraday percentage loss in over a week,

while major U.S. stock indexes fell, with the S&P 500

down the most in a month.

In Southeast Asia, Philippines fell as much as 1.2

percent, marking its biggest intraday percentage decline in two

weeks, with index heavyweight SM Investments Corp down

as much as 3.4 percent.

"It could be profit-taking from yesterday's rapid rise,"

said Fio Dejesus, an analyst with RCBC Securities in Manila.

The Philippine index, which has risen a net 4.7 percent in

the last eight sessions, rose more than 1.2 percent on Thursday

after the Congress approved a much awaited tax-reform bill. It

is on track to end the week 0.7 percent higher.

Indonesian shares retreated from a record closing

high in the previous session, weighed down by financials and

telecom stocks, but are on track for a ninth week of gains in

11.

An index of the country's 45 most liquid stocks

fell as much as 1 percent.

Singapore hit a one-week low, and is likely to finish

the week marginally lower.

Financials accounted for most of the losses on the index,

with top lenders United Overseas Bank Ltd, DBS Group

and Oversea-Chinese Banking Corp falling

between 0.8 percent and 2 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: Change as of 0329 GMT

Change on day

Market Current Previous close Pct Move

Singapore 3419.32 3435.78 -0.48

Bangkok 1714.64 1714.99 -0.02

Manila 8368.34 8461.06 -1.10

Jakarta 6086.895 6113.653 -0.44

Kuala Lumpur 1754.64 1759 -0.25

Ho Chi Minh 934.25 935.85 -0.17

Change on year

Market Current End 2016 Pct Move

Singapore 3419.32 2880.76 18.70

Bangkok 1714.64 1542.94 11.13

Manila 8368.34 6840.64 22.33

Jakarta 6086.895 5296.711 14.92

Kuala Lumpur 1754.64 1641.73 6.88

Ho Chi Minh 934.25 664.87 40.52

(Reporting by Chris Thomas in Bengaluru; Editing by Biju

Dwarakanath)