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SE Asia Stocks-Fall on Fed rate hike view; Indonesia snaps 8 days of gains

* Indonesia top loser with 1.7 pct drop

* All markets close lower for the week

By Nikhil Subba

Nov 9 (Reuters) - Southeast Asian stock markets fell on

Friday and wiped out gains made in a post-U.S. midterm election

rally on rising chances of a U.S. Fed rate hike in December,

with Indonesia losing the most.

The U.S. Federal Reserve held rates steady on Thursday but

remained on track to continue gradually raising borrowing costs,

pointing to healthy economic prospects that were marred only by

a dip in the growth of business investment.

It has raised rates three times this year and is widely

expected to do so again next month. According to the CME Group's

FedWatch tool, the likelihood of Fed raising rates by another 25

basis points in December is 75 percent.

Indonesian shares snapped an eight-session winning

streak and closed 1.7 percent weaker at a one-week low. For the

week, the key stock index fell 0.5 percent.

Consumer non-cyclicals were the biggest drag on Friday with

Unilever Indonesia shedding 4.7 percent to its lowest

close since mid-January 2017.

Philippine shares declined about 1 percent to a

2-week closing low, hurt by losses in telecom and industrial

stocks. For the week, the key stock index fell 1.2 percent.

Globe Telecom fell 5.2 percent to its lowest close

since mid-July, while construction firm DMC Holdings Inc

shed over 1 percent.

Singapore shares fell with industrial and energy

stocks being the biggest drag.

Conglomerate Jardine Matheson Holdings dropped 0.6

percent, while Keppel Corp shed 1.6 percent.

Thai shares declined 0.8 percent, weighed down by

energy stocks as crude prices fell to multi-month lows,

pressured by rising supply and concerns of an economic slowdown.

PTT PCL slipped 1.5 percent, while Thai Oil

fell 4.7 percent after reporting a 40 percent drop in

quarterly net income.

Malaysian shares closed 0.8 percent lower with

material stocks leading the decline. Press Metal Aluminium

Holdings fell 2.4 percent, while chemicals producer

Petronas Chemicals Group closed 1 percent lower.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Pct Move

Close

Singapore 3073.49 3093.24 -0.49

Bangkok 1670.97 1681.73 -0.79

Manila 6968.82 7035.71 -0.95

Jakarta 5874.154 5976.806 -1.72

Kuala Lumpur 1708.09 1721.42 -0.77

Ho Chi Minh 914.29 926.28 -1.29

Change on year

Market Current End 2017 Pct Move

Singapore 3073.49 3402.92 -9.55

Bangkok 1670.97 1753.71 -4.86

Manila 6968.82 8558.42 -18.57

Jakarta 5874.154 6355.654 -7.58

Kuala Lumpur 1708.09 1796.81 -4.94

Ho Chi Minh 914.29 984.24 -7.11

(Reporting by Nikhil Subba; Editing by Subhranshu Sahu)