SE Asia Stocks-Most fall ahead of China industrial data; risk sentiment weakens

* Investors await China Jan-Feb industrial output data * Fundamentals still weak, concern is slowing economies - analyst * Singapore loses most; banks and real estate stocks drag By Rashmi Ashok March 13 (Reuters) - Most Southeast Asian stock markets were subdued on Wednesday, with Singapore taking the biggest hit, as investors remained cautious ahead of key industrial output data from China, amid plummeting risk appetite across broader Asia. Further dampening the global sentiment, British lawmakers rejected Prime Minister Theresa May's amended Brexit deal which had provided short-lived cheer in the previous session, putting the fate of the world's fifth largest economy on the line. Investors in the region turned cautious ahead of Southeast Asia's largest trading partner China's January-February combined industrial output and retail sales data due on Thursday. Recent gloomy data from the economic giant has cast gloomy spells on markets, sparking doubts about global growth and economic outlook amid a damaging Sino-U.S. trade war. Losing most among regional stocks, Singapore's index slipped 0.8 percent after a strong performance in the previous session. "In the end, you still go back to fundamentals, and that is slowing trade and slowing economies. Expectations are not at a high level for Chinese data... I think there's some cautiousness ahead of that," said Joel Ng, an analyst at KGI Securities. He also added that the drop could also be in part, due to the jump of the index in the previous session, prompting some profit taking among investors as they look towards more defensive plays amid prospects of slowing Chinese demand. Shares of lender DBS Group Holdings Ltd, down 1.2 percent and real estate company City Developments Ltd, about 0.8 percent lower, were among the top drags on the index. Investors appeared to stay on the sidelines, as indexes in Thailand, Indonesia and Philippines were little changed, edging marginally lower. In Philippines, conglomerate SM Investments Corp slipped 1.6 percent to largely drag the index, offsetting gains among real estate company SM Prime Holdings Inc and food and beverage producer Universal Robina Corp. Meanwhile, Vietnam's index rose 0.5 percent as real estate and financials boosted its benchmark. Vingroup JSC rose 0.7 percent while Vincom Retail JSC gained 2.5 percent. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS at 0312 GMT Change on the day Market Current Previous close Pct Move Singapore 3187.79 3212.25 -0.76 Bangkok 1626.61 1627.59 -0.06 Manila 7743.22 7747.54 -0.06 Jakarta 6352.349 6353.774 -0.02 Kuala Lumpur 1674.35 1671.28 0.18 Ho Chi Minh 1006.75 1001.32 0.54 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3187.79 3068.76 3.88 Bangkok 1626.61 1563.88 4.01 Manila 7743.22 7,466.02 3.71 Jakarta 6352.349 6,194.50 2.55 Kuala Lumpur 1674.35 1690.58 -0.96 Ho Chi Minh 1006.75 892.54 12.80 (Reporting by Rashmi Ashok in Bengaluru; Editing by Rashmi Aich)