SE Asia Stocks-Commodities, poll worries hit Jakarta;others down

* Oil price drop, election fears hurt Jakarta bourse

* Others down on doubts about early global recovery

By Harry Suhartono

SINGAPORE, July 6 (Reuters) - Indonesian shares fell on
Monday as lower crude oil prices hurt commodity stocks and on
investor concerns that the upcoming presidential election will
not produce a clear winner and will have to go to a second
round.

Most other Southeast Asia stock markets were also lower, in
line with global trends, on worries about how long it will take
the U.S. economy to recover from its long recession and begin
buying Asian goods again.

Oil CLc1 fell to around a five-week low, trading below
$64 a barrel on Monday on doubts about an early global economic
recovery, pushing Indonesian coal miners and commodities stocks
lower.

"First, oil prices dropped to below $65 a barrel, which
many considered to be the support level. Some concerns about
the election also dampened sentiment," a trader at a foreign
brokerage house in Jakarta said.

Traders said some investors were concerned that President
Susilo Bambang Yudhoyono might not have enough support to beat
his rivals in one round when the Southeast Asia's largest
economy holds elections on Wednesday.

"Commodities and plantation stocks were hit badly today,
tomorrow we might have a rebound. I personally believe the
election will only happen in one round," John Teja, head of
equities sales at Ciptadana Securities said.

(For more on the Indonesian election coverage please click
[ID:nIDELECT] )

The MSCI index of Asia-Pacific shares .MSCIAPJ outside
Japan was down 1.52 percent at 0900 GMT.

The Indonesia Composite Index .JKSE ended 1.94 percent
lower while Singapore's Straits Times Index .FTSTI dropped
1.43 percent, and Malaysia's index .KLSE fell 0.64 percent.
The Philippine index .PSI rose 0.73 percent. Vietnam .VNI
finished 4.32 percent higher.

Bumi Resources (BUMI.JK), Indonesia's largest coal
producer, dropped 5.0 percent, while Adaro Energy (ADRO.JK),
the country's second largest coal miner, fell 3.42 percent.
Plantation company, Astra Agro Lestari (AALI.JK) ended 2.01
percent lower.

Blue chips in Singapore led declines there, with Singapore
Telecommunications (STEL.SI), the largest capitalised company
in the exchange, falling around 3 percent, and DBS Group
Holding (DBSM.SI) losing 2.07 percent. Heavyweight developer
Capitaland (CATL.SI) ended 1.94 percent lower.
(Reporting by Harry Suhartono; Editing by Kim Coghill)