U.S. Markets closed

SE Asia Stocks-Fall; Indonesia, Thailand to underperform on quarter

BANGKOK, Sept 30 (Reuters) - Southeast Asian stocks fell on

Monday as a risk-off mood prevailed due to concerns of a likely

shutdown of the U.S. government, with Indonesia poised to end

the quarter with the biggest loss since December 2008 as a weak

rupiah helped spur risk aversion.

Indonesia's main share index was down 1.3 percent,

extending a 3.5 percent drop on the previous week and losing

more than 9 percent so far in the July-September quarter, making

it the region's worst performer.

Investors further trimmed positions in large caps, sending

Semen Indonesia shares 4 percent lower, continuing

from last week's 8.5 percent decline. Selling was also heavy in

banks amid concerns over loan growth outlook.

The Thai SET index was the second worst performer,

sliding 2 percent and on track for a quarterly loss of around 4

percent. Shares in banks such as Kasikornbank and

Krung Thai Bank extended losses from the previous week.

"We expect foreign outflows to continue in the near-term ...

We recommend investors to stay defensive and monitor if the U.S.

congress can avert a government shutdown today before re-shaping

investment strategy," a Bangkok-based strategist at KGI

Securities wrote in a report.

Trading volume was relatively thin across exchanges as

players awaited key economic data this week, including September

inflation of Indonesia for an indication of its monetary policy

and interest rate outlook that could affect fund flows.

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Change at 0450 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 402.31 408.80 -1.59

Singapore 3190.41 3210.18 -0.62

Kuala Lumpur 1763.54 1776.16 -0.71

Bangkok 1388.59 1417.49 -2.04

Jakarta 4350.13 4423.72 -1.66

Manila 6317.22 6379.81 -0.98

Ho Chi Minh 489.37 486.61 +0.57