* Thailand falls after energy stocks down on oil slump
* People were hoping Fed would extend a lifeline - analyst
* Indonesia leads losses in the region
By Rashmi Ashok
Dec 20 (Reuters) - Southeast Asian stock markets ended lower
on Thursday with Indonesia falling the most, after the U.S.
Federal Reserve raised key interest rate and retained plans for
continued hikes next year, crushing investor hopes for a more
Regional stocks fell in line with broader Asian peers, after
the U.S. central bank hiked rates for the fourth time this year
and stuck by its plan to keep withdrawing support from an
economy it views as strong.
"Against the backdrop of the trade war and weak economic
data from major economies, people were hoping the Fed would
extend a lifeline," said Fio Dejesus, an equity research analyst
at RCBC Securities in Manila. "But their mandate was different
from what the market hoped for."
Recent disappointing data from the United States on slowing
of job growth in November and a cooling housing market, along
with weak manufacturing data from China heavily weighed on
investor sentiment, sparking concerns over global growth.
The Indonesian index finished lower and was the
worst performer in the region, with financial stocks coming
Shares of Bank Central Asia Tbk and Bank Mandiri
(Persero) Tbk were among top losers, falling 2.2
percent and 1.7 percent, respectively.
Thailand's energy-heavy index suffered an additional
blow after oil prices resumed their fall on Thursday amid
worries of a supply glut and gloomy outlook for demand.
Shares of oil and gas explorers PTT PCL and PTT
Exploration and Production PCL shedding 0.5 percent
and 1.7 percent, respectively.
Singapore's index gave up modest gains early in the
session to end lower, with shares of port operator Hutchison
Port Holdings Trust losing 1.9 percent while those of
agribusiness operator Wilmar International Ltd ending
1 percent lower.
The Malaysian index edged lower with Sime Darby
Plantation Berhad's counter closing 1.4 percent down,
while that of IHH Healthcare Berhad ending 2.6 percent
Vietnam's index traded sideways through most of the
session to edge down at close.
The Philippine index lost most during early trade but
pared losses to inch down at close. Industrial stocks were the
biggest drag on the index, with shares of sector heavyweight SM
Investments Corp closing 2.1 percent lower.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3050.62 3058.65 -0.26
Bangkok 1596.1 1601.12 -0.31
Manila 7563.41 7579.62 -0.21
Jakarta 6147.876 6176.094 -0.46
Kuala Lumpur 1650.56 1655.66 -0.31
Ho Chi Minh 918.24 919.24 -0.11
Change on year
Market Current End prev yr Pct Move
Singapore 3050.62 3402.92 -10.35
Bangkok 1596.1 1753.71 -8.99
Manila 7563.41 8,558.42 -11.63
Jakarta 6147.876 6,355.65 -3.27
Kuala Lumpur 1650.56 1796.81 -8.14
Ho Chi Minh 918.24 984.24 -6.71
(Reporting by Rashmi Ashok in Bengaluru; Editing by Rashmi