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SE Asia Stocks-Most fall in line with Asia; Philippines drops 1.5 pct

By Chris Thomas

Dec 15 (Reuters) - Most Southeast Asian stock markets fell

in line with Asian peers on Friday, tracking weakness on Wall

Street over concerns about potential roadblocks to U.S. tax

reform.

Congressional Republicans reached a deal on final tax

legislation, but the conservative party faces opposition from

within as some Senators remained unsettled about their support

for the bill.

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

was down 0.4 percent.

Philippine shares were the biggest losers in

Southeast Asia with a drop of 1.5 percent, their biggest since

Nov. 3, but finished the week higher for a second time in a row.

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Property developer SM Prime Holdings was the

biggest drag, sliding 4.8 percent in its biggest daily drop in

nearly a year.

Singapore shares fell for a second straight session,

closing at their lowest since Dec. 7, and finished the week 0.2

percent softer.

Financials accounted for most of the decline, with lenders

DBS Group and United Overseas Bank Ltd

shedding 1.6 percent and 1.4 percent, respectively.

Real estate stocks also added to the drop, with data showing

sale of private homes by developers in Singapore fell 8.7

percent in November from a year earlier.

Malaysian shares settled 0.3 percent lower, dragged

by consumer discretionary and consumer staples stocks, but ended

the week 1.9 percent higher, their best since January.

Conglomerate Genting Bhd was the top loser on

Friday, declining 2.8 percent.

Thai shares recovered to settle 0.2 percent firmer

in some last-minute buying, and posted their third straight

weekly gain.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous close Pct Move

Singapore 3416.94 3435.78 -0.55

Bangkok 1717.69 1714.99 0.16

Manila 8337.04 8461.06 -1.47

Jakarta 6119.419 6113.653 0.09

Kuala Lumpur 1753.07 1759 -0.34

Ho Chi Minh 935.16 935.85 -0.07

Change on year

Market Current End 2016 Pct Move

Singapore 3416.94 2880.76 18.61

Bangkok 1717.69 1542.94 11.33

Manila 8337.04 6840.64 21.88

Jakarta 6119.419 5296.711 15.53

Kuala Lumpur 1753.07 1641.73 6.78

Ho Chi Minh 935.16 664.87 40.65

(Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu

Sahu)