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SE Asia Stocks-Philippines falls; investors cautious ahead of Fed policy move

By Suhail Hassan Bhat

Sept 26 (Reuters) - Philippine shares edged down on Monday

as the country's central bank governor warned that a slump in

peso reflects investor caution ahead of the U.S. Federal

Reserve's next policy decision.

Most other regional markets were down ahead of the first

U.S. presidential debate, which will take place early on Tuesday

in Asian time zones.

The peso fell to its lowest since 2009 in heavy

trading as importers' dollar demand added to downward pressure

stemming from stock outflows.

Philippines' central bank Governor Amando Tetangco told

Reuters on Monday the peso's movements were due to the corporate

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requirements for dollars and reflected uncertainty about the

Federal Reserve's policy path.

"A lot of factors. One, if you look at the region it is very

weak. If you look at overall sentiments in the equity market we

have high valuations," said Augusto Cosio, president of First

Metro Asset Management Inc in Manila.

"And there is a general risk-off sentiment."

The Philippine stock index fell 1.18 percent, pulled

down by financials and industrial staples, as SM Prime Holdings

Inc slid 2 percent, while container terminals operator

International Container Terminal Services Inc dropped

5.8 percent.

Market has experienced net foreign selling in the past

weeks, said Philippine Stock Exchange President and CEO Hans B.

Sicat, adding, "Our economic fundamentals remain strong and this

should continue to help corporate performance moving forward."

Singapore shares snapped the previous session's

winning streak. Meanwhile, the country's weaker-than-expected

manufacturing output in August rose 0.1 percent from a year

earlier, data showed on Monday.

Thai shares fell, dragged down by financials and

energy stocks, led by index heavyweights PTT Pcl and

Siam Commercial Bank.

Thailand's customs-cleared exports in August rose 6.5

percent compared with the previous year, beating analysts'

median forecast of 1.4 percent fall.

Malaysia shares dropped marginally, while Indonesian

shares pared gains from the previous session.

Bucking the trend, Vietnam climbed 0.44 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

STOCK MARKETS

Change on day

Market Current Previous Pct Move

Close

Singapore 2849.94 2856.95 -0.25

Bangkok 1490.14 1492.88 -0.18

Manila 7632.46 7723.6 -1.18

Jakarta 5352.139 5388.908 -0.68

Kuala Lumpur 1669.5 1670.99 -0.09

Ho Chi Minh 677.04 674.09 0.44

Change this

year

Market Current End 2015 Pct Move

Singapore 2849.94 2882.73 -1.14

Bangkok 1490.14 1288.02 15.69

Manila 7632.46 6952.08 9.79

Jakarta 5352.139 4593.008 16.53

Kuala Lumpur 1669.5 1692.51 -1.36

Ho Chi Minh 677.04 579.03 16.93

(Reporting by Suhail Bhat; Editing by Sherry Jacob-Phillips)