SE Asia Stocks - Most fall on oil price jitters, global economic woes

BANGKOK, Oct 10 (Reuters) - Most Southeast Asian stock

markets retreated on Friday, with Malaysian shares poised for

their worst week in more than a year and Singapore extending

loss to a fourth week as energy-related stocks took a beating on

declining oil prices.

Brent crude tumbled by more than a dollar to below $89 a

barrel on Friday to trade near its weakest since 2010 as rising

supply and a weakening global economic outlook stretched a

months-long slump in oil prices.

Offshore and marine stocks such as Malaysia's UMW Oil & Gas

, Singapore's Keppel Corp and Ezion Holdings

were among those hit by jitters over weak oil prices.

Malaysia's main index was down almost 1 percent,

reversing from a rise on Thursday and heading for a weekly loss

of 1.5 percent, its worst since the week ended Aug. 23, 2013.

Underperformers in Malaysia included CIMB Group Holdings Bhd

which dropped 3.4 percent after it agreed with two

smaller domestic lenders to create the country's biggest banking

group.

Investors also awaited details of the 2015 budget to be

presented on Friday.

Singapore's Straits Times Index was down 1 percent,

on track for a weekly fall of 0.8 percent, taking its decline

since the week ended Sept. 19 to almost 4 percent.

"It is a given the regional markets will fall back again

today, giving up most or all of yesterday's gains, as investors

digest the swings on Wall Street and the possibility this is

pointing to a bigger correction to come," Singapore-based broker

NRA Capital said in a report

"America's fledging economic recovery will be dealt a blow

if Europe re-enters into a recession and this is apparently a

likely scenario at this point," it said.

Asian shares fell on Friday after weak German export data

raised fears that a recession at the heart of Europe could slow

down the global economy.

Southeast Asian stock markets recorded a mixed performance

for the week.

Thai stocks are set for a 1.6 percent fall on the

week, its second in a row, with the Philippines sliding

1.4 percent, a third straight week of falls. Indonesia

is set to eke out a modest 0.2 weekly gain and Vietnam a

2.4 percent gain on the week.

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SOUTHEAST ASIAN STOCK MARKETS

Change at 0352 GMT

Market Current Prev Close Pct Move

Singapore 3227.97 3259.25 -0.96

Kuala Lumpur 1813.00 1829.73 -0.91

Bangkok 1552.19 1560.61 -0.54

Jakarta 4964.19 4993.88 -0.59

Manila 7145.50 7201.89 -0.78

Ho Chi Minh 627.19 624.34 +0.46

(Reporting by Viparat Jantraprap; Editing by Sunil Nair)