* New infections fall in China but rise elsewhere
* The Philippine index poised for worst week since Sept 2011
* Singaporean shares set for worst week since Oct 2018
* China's Feb factory PMI seen at lowest since 2009 -
Reuters poll
By Pranav A K
Feb 28 (Reuters) - Southeast Asian stocks tumbled on Friday,
with Indonesian shares .JKSE diving nearly 4%, as investors
feared the coronavirus might develop into a pandemic and trigger
global recession.
New infections rapidly spread around the world with
countries stockpiling medical supplies and preparing emergency
responses, shattering hopes that the epidemic would be contained
to China and economic activity would return to normal.
Investors braced for an impact on economic growth with
global shares heading for the worst week since the financial
crisis in 2008.
Indonesia and Thai indexes .SETI dropped more than 10%
from their peaks hit last week, with Jakarta also on track for
its worst month since the global financial crisis.
In the Indonesian benchmark, Bank Central Asia BBCA.JK
fell 4%, while Bank Mandiri (Persero) BMRI.JK lost 7.5%.
Thai shares .SETI were on track for their worst week since
October 2008, with heavyweights Bangkok Commercial Asset
Management BAM.BK and Delta Electronics Thailand DELTA.BK
both diving nearly 10%.
"Feb data from across Asia is coming through soon ...
against that backdrop I can't see anyone wanting to be brave
enough to go: Yeah, we'll buy the dip at this stage," said
Jeffrey Halley, senior market analyst at OANDA.
Activity in China's manufacturing sector in February
probably shrank at the fastest pace since the global financial
crisis, a Reuters poll showed, as the epidemic took an
excruciating economic toll on Chinese factories. China will
release its key data this weekend.
Markets saw heaving selling regionwide, with the Manila
exchange .PSI poised for its worst week since September 2011.
Malaysian shares .KLSE fell to their weakest since
December 2011, with Petronas Chemicals PCGB.KL slumping to its
lowest in more than four years.
Energy and consumer stocks weighed on the Vietnam benchmark
.VNI , while industrials and financials pressured Singaporean
shares .STI , to set both indexes on track for their worst week
since October 2018.
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SOUTHEAST ASIAN STOCK MARKETS As at 0425 GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3032.67 3111.7 -2.54
Bangkok 1346.88 1395.08 -3.45
Manila 6816.38 6967.84 -2.17
Jakarta 5318.415 5535.694 -3.93
Kuala Lumpur 1483.4 1505.59 -1.47
Ho Chi Minh 879.28 898.44 -2.13
Change so far in 2020
Market Current End 2019 Pct Move
Singapore 3032.67 3222.83 -5.90
Bangkok 1346.88 1579.84 -14.75
Manila 6816.38 7,815.26 -12.78
Jakarta 5318.415 6,299.54 -15.57
Kuala Lumpur 1483.4 1588.76 -6.63
Ho Chi Minh 879.28 960.99 -8.50