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SE Asia Stocks-Most decline as China data revives global growth concerns

By Aman Swami

Nov 12 (Reuters) - Southeast Asian stock markets slipped on

Monday as soft Chinese economic data last week rekindled

anxieties about the outlook for global growth, weighing on

investor sentiment.

The world's second largest economy's producer inflation

slowed for the fourth month in October on cooling domestic

demand and manufacturing activity, data from the National Bureau

of Statistics (NBS) showed on Friday.

China is the among the largest trading partners for most

Southeast Asian nations and movements there influence regional

markets.

Meanwhile, a spike in U.S. bond yields, driven by the

Federal Reserve's commitment to keep raising borrowing costs,

also shook emerging markets as investors poured money into U.S.

dollar assets.

The MSCI's broadest index of Asia-Pacific shares outside

Japan was down 0.2 percent.

The Philippine index was down 0.4 percent, led by

financials and industrials with Aboitiz Equity Ventures Inc

and Metro Pacific Investments Corp falling

about 2 percent each.

Singapore stocks slipped 0.3 percent and were on

track for second consecutive loss.

Palm oil plantation co Golden Agri-Resources Ltd

and Yangzijiang Shipbuilding Holdings Ltd were the top

percentage losers, falling about 2 percent each.

Indonesian shares fell 0.5 percent, dragged by

losses in financial and energy sectors. Bank Negara Indonesia

(Persero) Tbk PT fell 4.1 percent while United

Tractors Tbk PT fell 3.6 percent.

Meanwhile, Malaysian shares were down 0.2 percent.

Sime Darby Bhd and Tenaga Nasional Bhd

underpinned the bearish mood, falling 2.9 percent and 1.2

percent respectively.

Bucking the trend, Thai shares traded 0.02 percent

higher, led by gains in energy stocks.

Index heavyweights gas and petroleum supplier PTT PCL

and petrochemical company IRPC PCL rose about

1 percent each.

Demand for energy companies was bolstered by a nearly 1

percent jump in oil prices after top exporter Saudi Arabia

announced a cut in supply for December, seen as a measure to

halt a market slump that had seen crude decline by 20 percent

since early October.

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SOUTHEAST ASIAN STOCK MARKETS AT 0402 GMT

Market Current Previous close Pct Move

Singapore 3069.51 3077.97 -0.27

Bangkok 1669.35 1668.52 0.05

Manila 6953.61 6968.82 -0.22

Jakarta 5842.097 5874.154 -0.55

Kuala Lumpur 1702.7 1708.09 -0.32

Ho Chi Minh 912.05 914.29 -0.24

Change on year

Market Current End prev yr Pct Move

Singapore 3069.51 3402.92 -9.80

Bangkok 1669.35 1753.71 -4.81

Manila 6953.61 8,558.42 -18.75

Jakarta 5842.097 6,355.65 -8.08

Kuala Lumpur 1702.7 1796.81 -5.24

Ho Chi Minh 912.05 984.24 -7.33

(Reporting by Aman Swami; Editing by Sunil Nair)