SE Asia Stocks-Fall tracking Asian shares, Wall Street

By Sandhya Sampath

Jan 11 (Reuters) - Most Southeast Asian stock markets

dropped on Thursday, tracking Asia and Wall Street overnight

which snapped a six-day rally on investor concerns that China,

the world's biggest holder of U.S. Treasuries, might slow or

halt its bond buying.

The three major U.S. stock indexes ended lower after a

choppy trading session, while benchmark 10-year Treasury yields

jumped to a 10-month high.

Asia shares ex-Japan were down 0.5 percent as

of 0400 GMT.

"The weakness on Wall Street could have been a catalyst for

a profit-taking from the global rally seen across most regions,"

said Fio De Jesus, equity research analyst at RCBC Securities in

Manila.

In Southeast Asia, Philippines fell as much as 1.7 percent

on broad-based losses, its worst intra-day decline in almost

three months.

Index heavyweights PLDT Inc dropped 3.2 percent,

while SM Investments Corp fell 2.5 percent.

"A lot of the proxy stocks that have big weighting on the

index are seeing some profit-taking, although the fundamentals

haven't really changed," De Jesus said.

Thailand extended losses into a second straight

session, dragged down by industrials and materials.

Airports of Thailand PCL declined 1.8 percent,

while PTT Global Chemical PCL fell 0.8 percent.

Malaysia fell as much as 0.5 percent, with utilities

and telecom stocks accounting for more than half of the losses

on the index.

Axiata Group Bhd was down 0.9 percent, while

Tenaga Nasional Bhd declined 0.4 percent.

Malaysia's industrial production rose 5 percent

in November from a year earlier, boosted by gains in all three

major sectors, government data showed on Thursday.

Singapore's FTSE Straits Times Index edged down, with

Jardine Strategic Holdings Ltd, the biggest drag on the

index, falling 1.3 percent. Hutchison Port Holdings Trust

lost 1.2 percent.

Indonesia recovered after two sessions of losses,

with energy stocks among the biggest gainers. Bayan Resources

Tbk PT surged 11.6 percent.

An index of the country's 45 most liquid stocks

was little changed.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change as of 0340 GMT

Market Current Previous close Pct Move

Singapore 3516.5 3520.45 -0.11

Bangkok 1793.88 1794.92 -0.06

Manila 8770.24 8920.29 -1.68

Jakarta 6378.5 6371.174 0.11

Kuala Lumpur 1814.98 1822.92 -0.44

Ho Chi Minh 1038.84 1038.11 0.07

Change on year

Market Current End 2017 Pct Move

Singapore 3516.5 3402.92 3.34

Bangkok 1793.88 1753.71 2.29

Manila 8770.24 8,558.42 2.47

Jakarta 6378.5 6,355.65 0.36

Kuala Lumpur 1814.98 1796.81 1.01

Ho Chi Minh 1038.84 984.24 5.55

(Reporting by Sandhya Sampath; Editing by Biju Dwarakanath)