Southeast Asian stocks on fears of recession in the United States; Thailand falls 1% ahead of election results

                * The Philippines has the worst performance in the region
* Singapore shares 1.7% less, inflation data is expected

By Shanima A
March 25 (Reuters) - The stock markets of Southeast Asia have fallen
Monday, in line with the broader Asia, while investors had taken refuge in
the security of Americans in the face of the American recession, the Philippines taking
the worst blow
Thailand slipped by more than 1% on the results of
first elections of the kingdom since a 2014 coup d'etat.
Shares from around the world were under pressure as investors
fled to bond security after careful remarks from the United States
The Federal Reserve last week on the cooling of the economy sent the 10-year
cash rate lower than the rate of three months for the first time
since 2007, the reversal of the interest rate curve.
Traditionally, a reverse yield curve - where long-term returns
rates are lower in the short term - reported an imminent
recession.
The largest MSCI index of Asia-Pacific equities outside Japan
dropped from 0.6 percent to a low of one week.
Thailand waits for lower party election results
house - the first of the country since a coup d'état of 2014. the
Unofficial result expected Monday afternoon.
With 93% of total votes counted, the election
The commission reported that Palang, head of the military junta Prayuth Chan-ocha
The Pracharat party was in the lead with 7.64 million votes, which indicates
the prospects of Prayuth Chan-ocha remain as prime minister of
the country.
Analysts have seen Thai stocks follow a worldwide decline
Monday, as the benchmark fell by less than
as much as 1 percent.
Morgan Stanley said in a note on Sunday: "We are going to look at how
alliances are established over the next 72 hours to get a better indicator of
political control in the lower house. We think this will be the key
for foreigners to come back after their net sales of about $ 7
billions of Thai shares in the last 12 months. "
The Philippine index, the worst performer of the
region, dropped 2.5% to the lowest in a week, hurt by
loss of financial and industrial stocks.
The Singapore index fell to its lowest level in two months, down
1.7%, mainly driven by a 2% decline in DBS Group Holdings Ltd
actions.
Investors are waiting for the city's inflation
rate for February, due later in the day.

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SOUTH-EAST ASIAN ACQUISITION MARKETS AT 0419 GMT

Current market Back close Pct Move
Singapore 3166.49 3212.1 -1.42
Bangkok 1633.3 1646.29 -0.79
Manila 7817.33 8013.42 -2.45
Jakarta 6435.338 6525.274 -1.38
Kuala Lumpur 1651.39 1666.66 -0.92
Ho Chi Minh 971.28 988.71 -1.76

Change until now in 2019
Current market end 2018 Pct Move
Singapore 3166.49 3068.76 3.18
Bangkok 1633.3 1563.88 4.44
Manila 7817.33 7.466.02 4.71
Jakarta 6435.338 6,194.50 3.89
Kuala Lumpur 1651.39 1690.58 -2.32
Ho Chi Minh 971.28 892.54 8.82

(Shanima A report in Bengaluru, edited by Rashmi Aich)