SE Asia Stocks-Southeast Asian shares extend losses; Jakarta hits 2-week low

Mon Apr 28, 2014 6:32am EDT

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SINGAPORE, April 28 (Reuters) - Southeast Asian shares
extended losses on Monday as an uninspiring performance on Wall
Street and increasing tensions in Ukraine hurt investor
sentiment and prompted capital outflows from regional markets.
 
    Risk appetite was also weighed down by signals that Chinese
authorities are not likely to support the economy with more
stimulus, though the main impetus was coming from developments
in Ukraine.
    Most Southeast Asian shares were in the red, with the
Jakarta SE Composite Index leading the decline, dropping
1.6 percent to its lowest close in more than two weeks.
    The Philippine SE Composite Index dipped 1.2 percent,
also hitting a two-week low, while Vietnam's benchmark VN Index
 was down 1 percent.
    Thai shares bucked the trend to inch up 0.2 percent,
bouncing back from their biggest drop in six weeks hit in the
previous session due to concerns of political violence.
.
    Stronger gains made earlier in the day were trimmed after
data showed Thai factory output dropping for a 12th straight
month, with some economists saying recession is possible with a
caretaker government unable to provide much stimulus and exports
remaining weak. 
    Singapore and Malaysia also fell, edging
down 0.8 percent and 0.3 percent respectively.

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SOUTHEAST ASIAN STOCK MARKETS
 Change at 1000 GMT
 Market             Current     Prev Close    Pct Move
 TR SE Asia Index*   417.36        419.59       -0.53
 Singapore          3242.71       3267.57       -0.76
 Kuala Lumpur       1855.74       1860.98       -0.28
 Bangkok            1411.23       1408.16       +0.22
 Jakarta            4818.76       4897.64       -1.61
 Manila             6604.35       6685.10       -1.21
 Ho Chi Minh         573.10        578.92       -1.01
   
 Change on year 
 Market             Current       End 2013    Pct Move
 TR SE Asia Index*   417.36        388.37       +7.46
 Singapore          3242.71       3167.43       +2.38
 Kuala Lumpur       1855.74       1866.96       -0.60
 Bangkok            1411.23       1298.71       +8.66
 Jakarta            4818.76       4274.18      +12.74
 Manila             6604.35       5889.83      +12.13
 Ho Chi Minh         573.10        504.63      +13.57
 
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.

 (Reporting by Andrew Toh; Editing by Anand Basu)
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