SE Asia Stocks-Most fall; Vietnam posts best week in 2017

By Karthika Suresh Namboothiri

Nov 10 (Reuters) - Most Southeast Asian stock markets ended

lower on Friday, with the Philippines shedding 1 percent, while

Vietnam marked its best week this year as a six-session winning

streak lifted it to a fresh near-decade peak.

Broader Asian shares retreated amid uncertainty over U.S.

tax reforms as Senate Republicans unveiled a proposal that

differed markedly on corporate, business and individual tax cuts

from legislation detailed by their counterparts in the House of

Representatives.

"Growing uncertainty about U.S. tax reforms spooked markets

yesterday and there seems to be no relief on the way from

elevated market volatility in the Asian session today," ING said

in a note.

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

fell 0.3 percent, after hitting a near decade

high in its previous session.

The Philippine index ended at its lowest in a week,

dragged by real estate and industrial stocks. The index gained

about 0.7 percent this week.

Property developer SM Prime Holdings ended at a

more than two-week low, while industrial conglomerate Aboitiz

Equity Ventures Inc fell 1.8 percent.

Singapore stocks slipped 0.1 percent, after three

continuous sessions of gains, marking a 1.1 percent gain on the

week.

DBS Group Holdings ended 1.2 percent lower and was

the biggest drag on the index, a day after the lender ended at

its highest in nearly 18 years.

Thai shares ended 0.8 percent lower, their weakest

in more than three weeks. The benchmark lost 0.7 percent on the

week.

Stocks in the consumer discretionary and financials sectors

dragged the index, with home improvement services provider Home

Product Center Public Company and commercial bank

Kasikornbank Public Company Ltd shedding 3.8 percent

and 1.4 percent, respectively.

The Indonesian index edged down 0.3 percent to its

lowest in more than a week, dragged by financials and

telecommunication stocks.

Bank Central Asia Tbk ended at its lowest in more

than one week, while Telekomunikasi Indonesia closed

about 1 percent lower.

The index of the country's 45 most liquid stocks

ended about 0.4 percent lower.

Meanwhile, Vietnam stocks surged to close 0.9 percent

higher, led by consumer staples, with Vietnam Dairy Products

Joint Stock Company closing 7 percent higher.

The index gained about 2.9 percent this week, marking its

best week since September 2016.

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SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY

Change on the

day

Market Current Previous Pct Move

close

Singapore 3420.1 3423.91 -0.11

Bangkok 1689.28 1703.03 -0.81

Manila 8433.48 8519.82 -1.01

Jakarta 6021.828 6042.46 -0.34

Kuala Lumpur 1742.28 1746.81 -0.26

Ho Chi Minh 868.21 860.4 0.91

Change on year

Market Current End 2016 Pct Move

Singapore 3420.1 2880.76 18.72

Bangkok 1689.28 1542.94 9.48

Manila 8433.48 6840.64 23.28

Jakarta 6021.828 5296.711 13.69

Kuala Lumpur 1742.28 1641.73 6.12

Ho Chi Minh 868.21 664.87 30.58

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Amrutha Gayathri)