* Indonesia set to snap six-day losing streak
* Thailand trade data due later in the day
* Singapore set for worst week in nearly 2 months
By Arundhati Dutta
Nov 29 (Reuters) - Most Southeast Asian markets fell in
low-volume trade on Friday as investors were worried that a new
U.S. bill backing protesters in Chinese-ruled Hong Kong may
cloud trade negotiations between two of the world's leading
economies.
On Thursday, China threatened reprisal after U.S. President
Donald Trump signed into law the legislation supporting
anti-government protesters in Hong Kong.
Asian markets were sold off due to uncertainty over how U.S.
markets will perceive the latest clash between Washington and
Beijing. Traders on Wall Street will start a half-day session on
Friday following Thursday's Thanksgiving holiday.
"Though China has yet to retaliate in response to Trump
signing the bill, we are cautious if they will do a 'surprise'
over the weekend," Maybank said in a note.
Investors also exercised caution ahead of official data on
China's manufacturing activity, which according to a Reuters
poll is expected to have contracted for a seventh straight month
in November as domestic demand eased. The trade-sensitive Singapore index .STI fell 0.4%, poised
for its worst week in nearly two months, dented by losses in DBS
Group Holdings DBSM.SI .
The Philippine benchmark .PSI was in the red, extending
losses to a second session, and was on track for a third weekly
decline.
Large-caps SM Investments SM.PS and Ayala Corp AC.PS
lost 0.9% and 0.5%, respectively.
Thai stocks .SETI dropped for a fourth straight session
ahead of the country's October trade data.
Malaysian equities .KLSE also fell, with power utility
Tenaga Nasional TENA.KL dropping 2.9%.
The Indonesian benchmark .JKSE , which marked its lowest
close in six months in the previous session, was on track to
snap a six-session losing streak.
Gains in the index were underpinned by communication
services stocks, with Telekomunikasi Indonesia TLKM.JK adding
2.6%.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0446 GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3187.53 3200.61 -0.41
Bangkok 1586.03 1597.68 -0.73
Manila 7717.12 7768.66 -0.66
Jakarta 5995.901 5953.06 0.72
Kuala Lumpur 1572.45 1583.77 -0.71
Ho Chi Minh 972.5 970.39 0.22
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3187.53 3068.76 3.87
Bangkok 1586.03 1563.88 1.42
Manila 7717.12 7,466.02 3.36
Jakarta 5995.901 6,194.50 -3.21
Kuala Lumpur 1572.45 1690.58 -6.99
Ho Chi Minh 972.5 892.54 8.96