SE Asia Stocks-mixed; S'pore falls for 2nd day

* S'pore falls for second day

* Malaysia, Indonesia, Thailand inch higher

* Vietnam best performer of the week

By Viparat Jantraprap

BANGKOK, June 12 (Reuters) - Southeast Asian stock markets
ended mixed on Friday, with lender DBS Group and developer
Keppel Land pushing Singapore down for a second day, while
bourses in Malaysia, Indonesia and Thailand inched higher.

Rising oil prices triggered concerns that inflation could
derail an economic recovery, analysts said.

"Asian stocks are entering a correction phase because they
were overbought. Share prices are beyond fundamentals and price
premiums have been based on technical plays," said Tisco
Securities strategist Viwat Techapoonphol in Bangkok.

Oil eased to $72 a barrel on Friday under pressure from a
firmer dollar. [O/R]

Gains in Chinese industrial output and rising U.S. retail
sales lifted Asian shares toward new highs for the year on
Friday, but some analysts are warning the recent gains are
looking overdone. [nSP385922]

The MSCI index of Asia-Pacific stocks outside Japan
.MIAPJ0000PUS was down 0.37 percent by 1122 GMT.

Singapore .FTSTI inched down 0.2 percent, after a 0.4
percent loss on Thursday, while Vietnam .VNI fell 0.3
percent, reversing a 2.8 percent rise the day before.

Vietnam fared best for the week, rising 6.4 percent since
Monday, followed by a four percent gain in Thailand .SETI.

Malaysia .KLSE inched up 0.1 percent on Friday, adding to
a 1.6 percent gain over the past two days. Indonesia .JKSE
edged up 0.06 percent, after a 0.9 percent fall on Thursday.

Thailand rose for a fourth day, closing 0.2 percent higher.

The bourse in Manila .PSI was closed for a market
holiday.

Among active stocks, Singapore's DBS (DBSM.SI), Southeast
Asia's biggest bank, fell 1.5 percent.

Keppel Land (KLAN.SI), Singapore's third largest developer,
lost 4 percent. In Hanoi, Vinamilk VNM.HM, Vietnam's top
dairy firm, dropped 2.9 percent.

A bright spot in Singapore was Chartered Semiconductor
(CSMF.SI), which rose 1.3 percent after it revised upwards its
guidance for the current quarter in another sign of a possible
recovery in the chip sector.

In Kuala Lumpur, Maybank (MBBM.KL) climbed 4.4 percent, and
EON Capital (EONP.KL) jumped 17 percent. In Jakarta, Bank
Permata (BNLI.JK) rose 5 percent and coal miner PT Bayan
Resources TBk (BYAN.JK) added 3.7 percent.

In Bangkok, Advanced Info Service ADVA.BK, Thailand's
biggest mobile phone operator, was up 2.3 percent, Central
Pattana CPN.BK rose 5.8 percent and Banpu (BANP.BK) gained
1.1 percent.
($1=34.09 Baht)
(Editing by Darren Schuettler)