* Philippine shares among worst performers, end 1.9 pct
* Singapore Feb core inflation rate eases
* Thailand Feb factory output seen rising 0.52 pct
By Shanima A
March 25 (Reuters) - Southeast Asian stock markets ended
lower on Monday with cautious investors across the globe opting
for safe-haven bonds as risk assets were rattled by fears of an
impending U.S. recession, while Vietnam shares slumped to a near
Concerns about the health of the world economy heightened
last week after remarks by the U.S. Federal Reserve, sending the
10-year treasury yields to the lowest since early 2018.
Meanwhile, data showed preliminary measures of manufacturing
and services activity in the United States grew at a slower pace
this month than in February, and dampened sentiment further.
Traditionally, an inverted yield curve - where long-term
rates slip below short-term - has signalled a recession in the
Asian shares followed the broader global equities sell-off,
with MSCI's broadest index of Asia-Pacific shares outside Japan
dropping 1.5 percent to a one-week trough.
Leading the declines in the region, Vietnam shares
closed 1.9 percent weaker, with real estate stocks weighing on
Philippines shares ended 1.9 percent lower, with
losses in industrial stocks accounting for most of the declines.
Thai shares shed 1.2 percent as the Southeast Asia's
second-largest economy awaits the final results of the country's
first election since a 2014 coup.
Pheu Thai party linked to self-exiled former leader Thaksin
Shinawatra won 138 seats, while military junta chief Prayuth
Chan-ocha's Palang Pracharat party got 96, but the winners of
150 of the lower house seats are still unclear, the election
commission announced after market hours.
The overall winner of Sunday's election may not emerge for
weeks because the Election Commission has said it will announce
the official results of the final 150 seats in the 500-seat
parliament on May 9.
On a separate note, Thailand's annual manufacturing output
in February is expected to have risen at a slightly faster pace
than in the previous month, a Reuters poll showed.
Singapore shares fell 0.9 percent to their lowest
close in nearly two months, after data showed that the
city-state's core inflation rate for February eased to 1.5
percent from a year earlier.
The rate hit its lowest in nine months on expectations that
the central bank will keep monetary policy unchanged when it
meets next month.
Indonesia stocks closed 1.8 percent weaker, dented
by losses in consumer staples and financial stocks, with Gudang
Garam Tbk PT slipping more than 4.5 percent.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3182.92 3212.1 -0.91
Bangkok 1625.91 1646.29 -1.24
Manila 7863.02 8013.42 -1.88
Jakarta 6411.251 6525.274 -1.75
Kuala Lumpur 1649.15 1666.66 -1.05
Ho Chi Minh 970.07 988.71 -1.89
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3182.92 3068.76 3.72
Bangkok 1625.91 1563.88 3.97
Manila 7863.02 7,466.02 5.32
Jakarta 6411.251 6,194.50 3.50
Kuala Lumpur 1649.15 1690.58 -2.45
Ho Chi Minh 970.07 892.54 8.69
(Reporting by Shanima A in Bengaluru; Editing by Sherry