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SE Asia Stocks-Most fall as Wall St losses hurt sentiment

By Nikhil Nainan

Dec 6 (Reuters) - Most Southeast Asian stock markets fell on

Wednesday as overnight losses on Wall Street hurt broader

sentiment in Asia, with Singapore falling to its lowest in two

weeks, weighed down by lenders.

U.S. technology stocks stuttered yet again after a brief

pickup, with investors switching to banks, retailers and other

stocks who are seen likely to benefit from the U.S. tax bill.

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

shed 0.8 percent, as investors remained cautious

to the extent of declines in the U.S. market.

Singapore shares fell 0.6 percent, with top lenders,

DBS Group Holdings, United Overseas Bank and

Oversea-Chinese Banking Corp posting losses in the

range of 1.3 percent to 1.7 percent.

Malaysian shares slipped 0.4 percent, giving up the

previous session's gains, after data showed exports rose 18.9

percent in October, beating expectations, on the back of higher

demand for manufactured and mining goods.

"2017 is ending as the best year for Malaysia's trade and

external surpluses since 2010," Prakash Sakpal, Asia economist

at ING, wrote in a note, adding that an undervalued currency was

among the factors that provided favourable terms of trade.

"We expect Bank Negara Malaysia to be the next in line of

Asian central banks to hike after the Bank of Korea, and we

forecast a 25bp BNM rate hike in 1Q18," Sakpal wrote.

Financials dragged the index lower, with Hong Leong Bank

losing 5.4 percent, while Malayan Banking

fell 1.4 percent.

Meanwhile, Indonesian shares rose 0.6 percent, with

the index of the country's 45 most liquid stocks

climbing 0.8 percent.

Financial and consumer discretionary stocks aided the gains

on the index, with Bank Central Asia Tbk PT and Astra

International Tbk PT rising 1.7 percent and 1.8

percent, respectively.

Philippine stocks rose 0.5 percent, with heavyweights

SM Investment up 1 percent and Ayala Corp

adding 1.4 percent.

Thai stock market edged lower as trading resumed

after Tuesday's holiday, led by losses in consumer staples and

financial stocks.

Vietnam shares dropped 0.9 percent to a week's low,

with consumer staples and real estate stocks weighing on the

index.

Vietnam Dairy Products JSC and Vingroup JSC

fell 3 percent and 2.1 percent, respectively.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE AT 0402 GMT

Change at 0402 GMT

Market Current Previous close Pct Move

Singapore 3416.68 3438.06 -0.62

Bangkok 1690.94 1697.61 -0.39

Manila 8183.92 8145 0.48

Jakarta 6038.497 6000.474 0.63

Kuala Lumpur 1718.82 1724.84 -0.35

Ho Chi Minh 945.04 953.3 -0.87

Change so far this year

Market Current End 2016 Pct Move

Singapore 3416.68 2880.76 18.60

Bangkok 1690.94 1542.94 9.59

Manila 8183.92 6840.64 19.64

Jakarta 6038.497 5296.711 14.00

Kuala Lumpur 1718.82 1641.73 4.70

Ho Chi Minh 945.04 664.87 42.14

(Reporting by Nikhil Kurian Nainan; Editing by Amrutha

Gayathri)