SE Asia Stocks-Track Wall St lower; Indonesia at near 3-wk low
* Financials, industrials weigh on Singapore index
* Indonesia, Malaysia head for 4th straight session of loss
By Sumeet Gaikwad
April 25 (Reuters) - Most Southeast Asian stock markets fell
on Wednesday following an overnight drop in U.S. equities as
investors pulled out of riskier assets after treasury yields hit
a four-year high.
U.S. stocks saw their worst day in two-and-a-half weeks,
with the Dow Jones Industrial Average extending losses for a
fifth day after U.S. treasury yields crossed the 3 percent mark.
In Southeast Asia, Singapore stocks fell to their
lowest in a week, shedding 0.6 percent, as financials and
industrials weighed.
Keppel Corporation slipped 3 percent while lender
DBS Group Holdings shed 0.8 percent.
"The near 2 percent decline in Dow has spilled over
into Singapore," said an analyst who did not wish to be named.
Indonesian shares were headed for a fourth straight
session of loss as financials and consumer staples fell.
Unilever Indonesia, down as much as 4 percent, was the
biggest loser on the index.
The country's index of 45 most liquid stocks was
down 1.4 percent.
Malaysian stocks fell 0.7 percent as financials
weighed while energy stocks dragged Thailand 0.3 percent
lower.
Philippine shares were trading flat as losses in
industrial stocks offset gains in financial and real estate
stocks.
Bank of the Philippine Islands gained 1.6 percent
while International Container Terminal Services plunged
over 4 percent to its lowest in over one year.
Vietnam was closed for a holiday.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS: AS AT 0347 GMT
STOCK MARKETS
Change on day
Market Current Previous Close Pct Move
Singapore 3563.11 3584.56 -0.60
Bangkok 1782.09 1788.2 -0.34
Manila 7599.55 7600.36 -0.01
Jakarta 6167.502 6229.635 -1.00
Kuala Lumpur 1851.61 1865.34 -0.74
Change on year
Market Current End 2017 Pct Move
Singapore 3563.11 3402.92 4.71
Bangkok 1782.09 1753.71 1.62
Manila 7599.55 8558.42 -11.20
Jakarta 6167.502 6355.654 -2.96
Kuala Lumpur 1851.61 1796.81 3.05
(Reporting by Sumeet Gaikwad in Bengaluru; Editing by Vyas
Mohan)