SE Asia Stocks-Most indices around 1-month low; commodities drag

* Oil and commodities lead most markets lower

* Malaysia recovers late in the session

* Concerns over recovery also hurt financial shares

By Viparat Jantraprap

BANGKOK, June 23 (Reuters) - Most Southeast Asian stock
markets tumbled to around a one-month low on Tuesday, with
energy and commodity stocks such as Singapore's Wilmar,
Thailand's PTT and Malaysia's Sime Darby among the decliners.

Falling commodity prices and concern that the economic
recovery globally would take time to show through weighed on
Asian stocks and would continue to drag the market down in
coming sessions, analysts said.

"Technically, Asian stocks should rebound following the
sell-offs but the overall market theme is negative," said Kosin
Sripaiboon, head of research at UOB Kay Hian Securities.

"Investors will still be cautious as they are not certain
about the pace of the global economic recovery," he said.

Crude oil CLc1 fell below $67 a barrel after a fall of
nearly 4 percent the previous day, while the MSCI index of
Asia-Pacific stocks outside Japan .MIAPJ0000PUS was down 2.9
percent by 0938 GMT.

Singapore's index .FTSTI ended down 1.8 percent at its
lowest since May 22, with palm plantation firm Wilmar
International (WLIL.SI) and smaller peer Golden Agri Resources
(GAGR.SI) each sliding more than 2 percent.

Banking shares and other market heavyweights also fell,
with the biggest lender DBS Group (DBSM.SI) down nearly 3
percent and the largest developer CapitaLand (CATL.SI) 0.6
percent lower.

Malaysia's index .KLSE inched down 0.1 percent, recouping
most of an early 1.7 percent fall to its lowest since May 20,
with palm planter Sime Darby (SIME.KL) down 1.5 percent and
financial Bumiputra Commerce BUCM.KL down 3.3 percent.

The Thai index .SETI slid 2.1 percent after an early fall
to the lowest level since May 29, with PTT Exploration
PTTE.BK down 4.7 percent and PTT PTT.BK, the biggest energy
firm, down 2.6 percent.

The Jakarta index .JKSE plunged 3.1 percent after losing
as much as 4.4 percent earlier to its lowest level since May
28. Adaro Energy (ADRO.JK) shed 8.5 percent and top coal miner
Bumi Resources (BUMI.JK) was off 10.3 percent.

Vietnam .VNI fell for a third day, ending down 4.3
percent, with decliners including Sacombank STB.HM, which
fell 4.9 percent, and Petrovietnam Fertilizer and Chemicals
Company DPM.HM, which lost 4.8 percent.

Manila .PSI dropped 1.7 percent, reversing a 0.6 percent
gain on Monday, with Bank of Philippine Islands (BPI.PS)
sliding 3.5 percent and Manila Electric Co (MER.PS) falling 4.6
percent.
($1=34.14 Baht)
(Editing by Alan Raybould)