November 30, 2017 / 10:25 AM / a year ago

SE Asia Stocks-Fall; Indonesia sees worst day in over a year

    By Nikhil Nainan
    Nov 30 (Reuters) - Southeast Asian stock markets fell
sharply on Thursday with Indonesia registering its biggest daily
fall in over a year as financials and consumer staples slipped,
while Singapore shares marked their lowest close in a week. 
    Indonesian shares, down 1.8 percent, recorded their
biggest intraday percentage drop since Nov 2016. The index lost
0.9 percent this month. Bank Central Asia Tbk PT, down
3.9 percent at its lowest in a month, was the biggest drag.  
    MSCI's broadest index of Asia-Pacific shares outside Japan
 fell 1.6 percent after U.S. technology stocks
posted steep losses overnight, as investors shifted to
financials and other sectors that could potentially benefit from
lower regulation and taxes, as well as higher interest rates.
    Singapore shares fell 0.2 percent to their lowest in
a week as losses in industrials were partially offset by gains
in financials and real estate stocks, but were up 1.8 percent on
    "SIBOR spiked up late, suggesting a liquidity crunch.
Moreover, the MAS has stepped forward to warn of excessive
exuberance in the property market. These headlines have dragged
on sentiment and on the market” said Liu Jinshu, director of
research at NRA Capital in Singapore.
    Malaysian stocks retreated 0.15 percent as losses in
consumer discretionary and financial stocks outweighed gains in
Sime Darby Bhd, which rose 27 percent, after the
company’s plantation and property units debuted on the exchange.

    The index is down 1.7 percent for the month. 
    Thai shares fell 0.5 percent as economic data
suggested recovery in Southeast Asia's second-largest economy is
still patchy.
    Financial markets in the Philippines were closed for a
public holiday. 
For Asian Companies click;  

 Change on the day                                  
 Market                   Current   Previous close  Pct Move
 Singapore                3433.54   3438.99         -0.16
 Bangkok                  1697.39   1705.33         -0.47
 Jakarta                  5952.138  6061.367        -1.80
 Kuala Lumpur             1717.86   1720.38         -0.15
 Ho Chi Minh              949.93    952.14          -0.23
 Change so far this year                            
 Market                   Current   End 2016        Pct Move
 Singapore                3433.54   2880.76         19.19
 Bangkok                  1697.39   1542.94         10.01
 Manila                   8254.03   6840.64         20.66
 Jakarta                  5952.138  5296.711        12.37
 Kuala Lumpur             1717.86   1641.73         4.64
 Ho Chi Minh              949.93    664.87          42.87

 (Reporting by Nikhil Kurian Nainan; Editing by Vyas Mohan)
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