SE Asia Stocks-Fall on fears of coronavirus impact, Singapore suffers most

    * Singapore shares logs worst session since Aug 2019
    * Singapore Airlines closes at near 17-year low
    * Thai stocks end lower for seventh straight session

    By Arpit Nayak
    Jan 28 (Reuters) - Southeast Asian shares tumbled on Tuesday
and Singapore stocks fell the most after the city-state said the
coronavirus outbreak in China, its biggest trading partner,
would bruise its economy this year.
    The death toll from the virus in China rose to 106 from 81,
a day earlier and cases of the virus were confirmed across 10
    Risk sentiment was dampened by the virus' rapid progress
even as China ramped up preventive measures, imposed travel
restrictions and stretched out the Lunar New Year holidays to
contain the spread of the virus.
    The massive jump in outbound Chinese tourists since 2002,
the fact that the coronavirus is infectious during incubation
and its unknown origins are the most worrisome factors, said
Vishnu Varathan, senior economist at Mizuho Bank, in a note.
    Singapore stocks pared early losses to close about
1.8% lower, with lender DBS Group Holdings shedding
more than 1.3% and conglomerate Jardine Matheson Holdings
JARD.SI down about 1.9%.
    Flag-carrier Singapore Airlines dropped 2.9% to
close at its lowest since April 2003.    
    Earlier in the session, shares of the travel and tourism hub
fell to an over 8-month low after trade minister Chan Chun Sing
said the government expects an impact on its economy.

     Singapore, which is heavily reliant on Chinese nationals
for tourism, recorded its lowest growth rate in a decade last
    Malaysian shares closed 1.4% lower to register their
sixth straight session of losses. Tourist-dependent Malaysia
Airports Holdings slipped steeply, falling 6.7% to its
lowest close since February 2017.
    Top Glove Corp, the world's largest manufacturer
of gloves, added nearly 8.3% to end at its highest in over a
year, as the company continued to benefit from hopes of a rise
in demand for rubber gloves due to the virus outbreak.  
    Hartalega Holdings, a nitrile glove maker, rose
3.7%, while hospital owner IHH Healthcare IHHH.KL
climbed 1.7%.
    Philippine shares closed over 1.5% lower, with
financials weighing heavily on the index.
    Thai markets edged down to clock their seventh
consecutive session of losses. However, the fall was relatively
small as the bourse had shed nearly 3% in the previous session,
when most markets were shut for the Lunar New Year holiday.
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 Change on the day                                
 Market                 Current   Previous close  Pct Move
 Singapore              3181.25   3240.02         -1.81
 Bangkok                1513.26   1524.15         -0.71
 Manila                 7468.7    7587.63         -1.57
 Jakarta                6111.184  6133.208        -0.36
 Kuala Lumpur           1551.64   1572.81         -1.35
 Change so far in 2020                            
 Market                 Current   End 2019        Pct Move
 Singapore              3181.25   3222.83         -1.29
 Bangkok                1513.26   1579.84         -4.21
 Manila                 7468.7    7,815.26        -4.43
 Jakarta                6111.184  6,299.54        -2.99
 Kuala Lumpur           1551.64   1588.76         -2.34
 Ho Chi Minh            991.46    960.99          3.17
 (Reporting by Arpit Nayak; Editing by Amy Caren Daniel)