* Thailand's Indorama falls on qtrly profit drop
* Singapore's DBS flags a weaker 2020
* Malaysia Sept industrial production rises
By Anushka Trivedi
Nov 11 (Reuters) - Southeast Asian markets closed in the red
on Monday, with Thailand falling the most, as the latest
escalation of violence in Hong Kong and uncertainty surrounding
U.S.-China trade deal tempered sentiment.
The Hong Kong police fired live rounds of ammo at
protesters, critically injuring one, as the Chinese-ruled
territory spiralled into rare working-hours violence in its 24th
straight week of pro-democracy unrest. Hong Kong's Hang Seng index .HSI shed 2.6% to mark its
biggest single-day drop in more than three-months while Chinese
stocks also declined, with the Shanghai index .SSEC falling
the most in over four months. The collapse in Hong Kong's main index "as protests there
dangerously escalate, is the culprit behind Asia's sell-off",
Jeffrey Halley, senior market analyst, Asia Pacific at OANDA
said in a note.
"It is a reflection of the increased fears of direct
mainland intervention in the territory. That fear will hang over
regional markets this morning, although its effect may be
limited time-wise," he added.
Leading losses in the region, the Thai benchmark .SETI
shed 1%, weighed by financial and consumer stocks.
Siam Commercial Bank SCB.BK fell 2.5% while chemical
developer Indorama Ventures PCL IVL.BK dropped 3.8% after
posting a slump in quarterly profit. Also damaging the overall sentiment was U.S. President
Donald Trump's remark on Friday that he had not agreed to
rolling back the U.S. tariffs sought by China, which
contradicted earlier reports of officials confirming the
arrangement. Singapore's main index .STI tumbled as much as 1.1% to
mark its worst session in over a month amid broad-based losses.
Tech stocks faltered following Venture Corp's VENM.SI
results last Friday, which were not very encouraging, while
financials came under pressure after Southeast Asia's top lender
DBS Group Holdings DBSM.SI flagged a weaker 2020, said
Nicholas Yon, equity research analyst at Lim & Tan Securities.
Local property developers exposed to the Hong Kong region
such as Hongkong Land Holdings HKLD.SI and Jardine Strategic
Holdings JSH.SI also traded lower.
Indonesian shares .JKSE followed suit, as coal miner Bayan
Resources BYAN.JK dived 19.4% and poultry feed producer
Charoen Pokphand Indonesia Tbk PT CPIN.JK lost 4.3% to
dominate losses on the benchmark.
The Philippine index .PSI closed at a near two-week low.
Malaysian shares .KLSE dipped after data showed
September's industrial production rose 1.7% from a year earlier
but came in slower than August as manufacturing and mining
output declined. Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3240.65 3264.3 -0.72
Bangkok 1622.12 1637.85 -0.96
Manila 8009.38 8065.76 -0.70
Jakarta 6148.74 6177.986 -0.47
Kuala Lumpur 1608.15 1609.73 -0.10
Ho Chi Minh 1016.75 1022.49 -0.56
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3240.65 3068.76 5.60
Bangkok 1622.12 1563.88 3.72
Manila 8009.38 7,466.02 7.28
Jakarta 6148.74 6,194.50 -0.74
Kuala Lumpur 1608.15 1690.58 -4.88
Ho Chi Minh 1016.75 892.54 13.92