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SE Asia Stocks-Most end down on U.S. tax reform jitters

By Karthika Suresh Namboothiri

Nov 13 (Reuters) - Most Southeast Asian stock markets gave

up early gains on Monday to close lower on uncertainty over a

U.S. tax reform deal, while Vietnam shares closed at their

highest in nearly a decade.

World stock markets moved further away from recent record

highs as U.S. Senate Republicans unveiled a new tax plan that

differs from the House of Representatives' version and there are

few signs of a compromise.

"Digesting tax reform banter is an unsavoury business as

even the ambient noise is triggering unusual moves across asset

classes," Stephen Innes, head of trading in Asia-Pacific for

Oanda in Singapore, wrote in a note.

"Besides with Christmas just around the corner, investors

will be more inclined to book year-end profits, adding to

sell-off momentum."

Vietnam shares extended gains into a seventh session

and closed 1.3 percent higher. They have climbed more than 32

percent so far this year, making them the region's best

performer.

Food processor Vietnam Dairy Products Joint Stock Co

was the biggest boost, rising 6.2 percent to a record

closing high.

Philippine shares dropped 1.2 percent, dragged by

industrial and real estate stocks.

SM Investments Corp ended 2.8 percent lower, while

Ayala Land declined 3 percent.

The market fell on profit-booking in stocks which saw steep

rises in the last few sessions, said Fio Dejesus of Manila-based

RCBC Securities.

Singapore shares closed marginally lower with gains

in industrials outweighed by losses in financials.

DBS Group Holdings Ltd was the biggest drag with a

decline of 1.1 percent.

Thai stocks dropped for a third straight session and

hit their lowest close since Oct. 19.

Airports of Thailand Public Co Ltd closed 1.3

percent lower, while Total Access Communication PCL

ended down 6.3 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY

Market Current Previous Pct Move

close

Singapore 3419.13 3420.1 -0.03

Bangkok 1687.05 1689.28 -0.13

Manila 8330.02 8433.48 -1.23

Jakarta 6021.456 6021.828 -0.01

Kuala Lumpur 1737.49 1742.28 -0.27

Ho Chi Minh 879.34 868.21 1.28

Change on year

Market Current End 2016 Pct Move

Singapore 3419.13 2880.76 18.69

Bangkok 1687.05 1542.94 9.34

Manila 8330.02 6840.64 21.77

Jakarta 6021.456 5296.711 13.68

Kuala Lumpur 1737.49 1641.73 5.83

Ho Chi Minh 879.34 664.87 32.26

(Reporting by Karthika Namboothiri in Bengaluru; Editing by

Subhranshu Sahu)