SE Asia Stocks-Mostly lower after Wall St's retreat
* Weak U.S. data stirs doubts on strength of recovery
* Singapore, Thailand, Indonesia markets extend falls
* Malaysia ends down, snapping three-day wining streak
By Arada Kultawanich
BANGKOK, Oct 21 (Reuters) - Southeast Asian stocks took a hit on Wednesday after declines on Wall Street, led by losses in blue-chips such as Singapore banking heavyweight DBS Group (DBSM.SI) and Indonesia's Bumi Resources (BUMI.JK).
Singapore's benchmark stock index .FTSTI dropped 0.7 percent, Thailand .SETI eased 1.3 percent and Indonesia .JKSE dropped about one percent, extending Tuesday's falls, to a one-week closing low.
Malaysia .KLSE reversed course from a 16-month high hit in early trade to close down 0.45 percent, snapping a three-day rising steak, while the Philippines .PSI pulled back from a near two-week high earlier in the day, falling 0.86 percent.
But Vietnam .VNI ended at its highest level since March 2008, gaining 0.31 percent.
Analysts said declines in crude oil made trading cautious.
"We should see the market correct further over the next few days because there are no fresh factors," said Kosin Sripaiboon, head of research at UOB KayHian Securities in Bangkok.
Investors focused on surprisingly weak U.S. data with construction of new U.S. homes rising less-than-expected in September and U.S. producer prices posting an unexpected decline, both pointing to an anemic recovery. [ID:nN20424995]
The MSCI index of Asia Pacific shares outside Japan .MIAPJ0000PUS had shed 0.68 percent by 0924 GMT.
Southeast Asia's biggest lender, DBS, lost 1.65 percent,
and Singapore Telecommunication (STEL.SI) dropped 1.27 percent,
putting a squeeze on Singapore's market.
But CapitaCommercial Trust (CACT.SI), managed by CapitaLand (CATL.SI), rose 1.90 percent before ending unchanged, after the company said its distributable third quarter income rose 21 percent from a year ago [ID:nSNAL00051].
In Indonesia, coal miner PT Bumi Resources Tbk fell as much
as 3.5 percent before closing down 0.88 percent, and state-run
construction firm, PT Adhi Karya Tbk (ADHI.JK), sank 7.14
percent ahead of a cabinet line-up expected this week.
Among losers in Malaysia, top lender Maybank Bhd (MBBM.KL) dropped 1.15 percent, while gaming group Genting Bhd (GENT.KL) fell 0.52 percent.
Malaysia's number two lender, CIMB Bank (CIMB.KL), closed unchanged after rising as much as 1.74 percent, cheered by a positive profit outlook at its Thai unit. [ID:nBKK429856] But top lender Maybank Bhd (MBBM.KL) lost 1.15 percent.
A retreat in world oil prices dragged Thailand's heavyweight energy shares down, with PTT Exploration PTTE.BK, the most actively traded stock, dropping 1.88 percent, and top oil and gas firm PTT PTT.BK down nearly 2.0 percent.
Shares in Thai Banks were also hit by profit taking after quarterly results. Falls were led by a 3.3 percent drop in top lender Bangkok Bank (BBL.BK) and a 2.6 percent drop in second-ranked Krung Thai Bank KTB.BK. ($1=33.46 Baht) (Editing by Jason Szep)
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