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SE Asia Stocks -Major markets retreat, energy shares drag

BANGKOK, Feb 5 (Reuters) - Southeast Asian stock markets

snapped recent gains in range-bound trade on Thursday, with the

Philippine main index reversing from the previous day's record

close as a fall in crude prices overnight triggered selling in

recently-rallying energy shares.

Oil-related stocks led the losers. Shares of Philippine

Petron Corp slipped 1.4 percent, Singapore's Sembcorp

Marine dropped 2.6 percent and Malaysia's

Sapurakencana Petroleum's eased 0.7 percent.

Oil prices rose on Thursday, rallying a little after big

losses in the previous session, after China took steps to pour

fresh liquidity into the world's second-biggest economy to spur

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activity.

Markets could see small losses after China's central bank

made a system-wide cut to bank reserve requirements to tackle

economic slowdown and looming deflation, according to brokers in

the region.

"On the positive side, China announced that it will cut

Reserve Requirement Ratio by 50 basis points to boost bank

lending, which is positive to China's economic outlook,"

strategists at KGI Securities in Bangkok wrote in a report.

Bangkok's key SET index was down 0.08 percent,

dragged by large-cap energy stocks. Top energy firm PTT

and energy explorer PTT Exploration and Production

both fell more than 2 percent.

The Philippine main index edged down 0.4 percent,

after a 1.4 percent gain on Wednesday to 7,716.06, its eighth

record close this year.

Singapore's Straits Times Index eased 0.4 percent,

after a 0.3 percent rise on the prior trading day. Malaysia

was a tad lower after marking its biggest single-day

gain in more than six weeks on Wednesday.

Indonesia fell after hitting a near two-week closing

high in the previous session.

Shares in PT Bank Mandiri Tbk dropped 0.9 percent

after parliament rejected a government proposal for the lender

to receive a 5.6 trillion rupiah ($443 million) capital

injection.

Bucking the trend, Vietnam rose for a second session,

adding about 1 percent.

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For South East Asia Hot Stock reports, click;

SOUTHEAST ASIAN STOCK MARKETS

Change 0405 GMT

Market Current Prev Close Pct Move

Singapore 3403.39 3417.57 -0.41

Kuala Lumpur 1800.78 1803.02 -0.12

Bangkok 1598.60 1599.81 -0.08

Jakarta 5293.28 5315.28 -0.41

Manila 7684.27 7716.06 -0.41

Ho Chi Minh 566.98 561.45 +0.98

(Reporting by Viparat Jantraprap; Editing by Anupama Dwivedi)