* Thai stocks post fourth straight weekly gain
* Weak China industrial output growth weighs
* Vietnam snaps three sessions of losses
By Shreya Mariam Job
June 14 (Reuters) - Most Southeast Asian stock markets fell
on Friday, with Philippines leading declines, as disappointing
output growth in China frayed investor sentiment and curbed risk
appetite.
Industrial output growth in China, the region's biggest
trade partner, unexpectedly slowed to a more than 17-year low in
May, while investment also cooled, in the latest sign of
weakening demand in the world's second-largest economy as the
United States ramped up trade pressure. Regional stocks moved in tandem with broader Asian stocks
hit by worries of slowing growth in the world's second largest
economy with MSCI's broadest index of Asia-Pacific shares
outside Japan .MIAPJ0000PUS down 0.3%.
The Philippine index .PSI pared some of its early losses
to close 0.8% lower. For the week, the index recorded a marginal
gain.
"From our perspective, these declines are driven by mostly
profit-taking... since a lot of these companies rallied for the
past week," said Rachelle C Cruz, an analyst at AP Securities.
Shares of SM Investment Corp SM.PS dropped 2.1%, while
Ayala Land Inc ALI.PS slipped 1.9%.
The Indonesian benchmark .JKSE dropped 0.4%, dragged by
consumer and financials stocks. The index rose 0.7% this week.
Charoen Pokphand Indonesia Tbk Pt CPIN.JK shed 5.1% to
close at more than two week low. Bank Negara Indonesia (Persero)
Tbk Pt BBNI.JK dipped 1.7%.
Financial and utility stocks drove losses on the Malaysian
index .KLSE , with shares of Public Bank Bhd PUBM.KL and
Tenaga Nasional Bhd TENA.KL losing 1.3% and 1.1%,
respectively. For the week, the benchmark dipped 0.3%.
Thai stocks .SETI closed the session marginally lower but
posted its fourth consecutive weekly gain of 1.1%.
Vietnam's index .VNI snapped three sessions of losses to
end 0.4% higher and snapped three sessions of losses with
financial stocks contributing the most to the gains. For the
week, the index dropped 0.5%.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3222.63 3220.66 0.06
Bangkok 1672.33 1674.14 -0.11
Manila 7990.2 8051.76 -0.76
Jakarta 6250.265 6273.082 -0.36
Kuala Lumpur 1638.63 1643.74 -0.31
Ho Chi Minh 953.61 950.08 0.37
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3222.63 3068.76 5.01
Bangkok 1672.33 1563.88 6.93
Manila 7990.2 7,466.02 7.02
Jakarta 6250.265 6,194.50 0.90
Kuala Lumpur 1638.63 1690.58 -3.07
Ho Chi Minh 953.61 892.54 6.84