SE Asia Stocks-Most fall as investors flee emerging markets; Indonesia slumps

* Indonesia declines most since November 2016

* Most regional currencies also slide

* Philippine shares close 2.2 pct lower

By Aaron Saldanha

Aug 13 (Reuters) - Most Southeast Asian stock markets fell

on Monday as they bore the fallout from an emerging-market

selloff that originated in Turkey.

The Turkish lira and the Indian rupee

hit all-time lows against the U.S. dollar, while a slide in the

Indonesian rupiah to a near three-year low prompted

intervention by the central bank.

"Emerging markets have very weak current account balances

which would have a very negative impact," said Taye Shim, head

of research at Jakarta-based Mirae Asset Sekuritas.

"That is prompting investors to reassess their investment

thesis on emerging markets as we really don't know how it is

going to play out."

The lira has declined more than 40 percent against the

dollar this year amid concerns about President Tayyip Erdogan's

influence over the economy, his repeated calls for lower

interest rates, and worsening ties with the United States.

MSCI's broadest index of Asia-Pacific shares outside Japan

dropped as much as 1.9 percent on Monday.

In Southeast Asia, Indonesian shares slumped 3.6

percent, their biggest single-day drop since Nov. 11, 2016, with

financials leading the decline.

Bank Central Asia fell 2.3 percent, while PT

Telekomunikasi Indonesia Tbk, the country's largest

telecom firm, lost 3.7 percent.

An index of the country's 45 most liquid stocks

dropped 4.1 percent.

The rupiah plunged 1.07 percent to its weakest since October

2015 in intraday trade after data showed on Friday the country's

current account deficit in the second quarter swelled to the

largest in nearly four years.

In neighbouring Malaysia, the key stock index fell

1.2 percent with all sectors in negative territory. Telecom

services and utility stocks led the decline, with electricity

utility Tenaga Nasional Bhd ending 1.4 percent lower.

Philippine stocks fell 2.2 percent to their lowest

close since July 25 with all but three stocks in the red.

Food-to-petrochemicals holding firm JG Summit Holdings Inc

slumped 6.8 percent, making it the top loser on the

benchmark stock index.

Singapore shares dropped 1.2 percent to their lowest

close in nearly four weeks in broad-based losses.

Oversea-Chinese Banking Corp and fellow lender DBS

Group Holdings were the biggest drags on the

city-state's benchmark stock index. OCBC shed 2 percent, while

DBS lost 1.5 percent.

Revised data showed Singapore's economy grew slower than

initial estimates in April-June on a quarter-on-quarter basis,

as the government flagged a likely moderation in growth in the

second half.

Thailand was closed for a holiday.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: Change on the day

Market Current Previous close Pct Move

Singapore 3245.34 3284.78 -1.20

Manila 7635.27 7804.98 -2.17

Jakarta 5861.246 6077.173 -3.55

Kuala Lumpur 1783.34 1805.75 -1.24

Ho Chi Minh 978.04 968.47 0.99

Change on year

Market Current End 2017 Pct Move

Singapore 3245.34 3402.92 -4.63

Manila 7635.27 8,558.42 -10.79

Jakarta 5861.246 6355.654 -7.78

Kuala Lumpur 1783.34 1796.81 -0.75

Ho Chi Minh 978.04 984.24 -0.63

(Reporting by Aaron Saldanha and Karthika Namboothiri in

Bengaluru; Editing by Subhranshu Sahu)