Stocks of Southeast Asia – Most markets fall; China's GDP growth slows in the second quarter

      * Indonesia drops after 5 earnings sessions
* Vietnam for the third consecutive session

By Karthika Suresh Namboothiri
July 16 (Reuters) - Most stock markets in Southeast Asia
declined on Monday on the expectation of cash outflows to developed
economies and as China's economic growth failed to sharpen the investor
appetite in the midst of a resurgence of trade between the top of the world
two economies.
China's economy grew at a slower pace in the second
quarter that Beijing's crackdown on debt may be disrupting activity,
while manufacturing output growth in June weakened to a two-year low in a
ominous sign as a heated trade war with the United States
threat to hit exports.
Investors are optimistic about what should be a
strong season of second-quarter results on Wall Street, and
therefore, likely to redirect funds from Asia to
States, said Joel NG, an analyst at KGI Securities.
"US stocks have been very vigilant, the Nasdaq has been
new heights in recent times, partly because of the global repositioning of
funds where they go to developed countries and
those with strong earnings growth. "
Traders are now turning to June retail sales in the United States
States.
Singapore shares slid up to 0.7 percent with
the financial leading the decline.
United Overseas Bank Ltd has dropped more than 1.5 percent and
Oversea-Chinese Banking Corp lost 1.2%.
Filipino shares were down after four
Earnings sessions with heavyweights SM Investments Corp.
and Ayala Corp down about 1% each.
Indonesian stocks erased early gains 0.5
lower percentage after five consecutive winning sessions. Astra
International was the biggest drag with a drop of 2.6
percent.
Thai stocks fell 0.4% with Siam Cement
down nearly 2 percent, while stocks in Vietnam
extended earnings in a third session.
For Asian companies, click;

SOUTH-EAST ASIAN STOCK MARKETS AT 0342 GMT

Current Market Prev close Pct Move
Singapore 3233.97 3260.35 -0.81
Bangkok 1638.39 1643.52 -0.31
Manila 7353.19 7399.18 -0.62
Jakarta 5893.774 5944.074 -0.85
Kuala Lumpur 1719.08 1721.93 -0.17
Ho Chi Minh 916.67 909.72 0.76

Change the year
Current Market End 2017 Pct Move
Singapore 3233.97 3402.92 -4.96
Bangkok 1638.39 1753.71 -6.58
Manila 7353.19 8558.42 -14.08
Jakarta 5893.774 6355.654 -7.27
Kuala Lumpur 1719.08 1796.81 -4.33
Ho Chi Minh 916.67 984.24 -6.87

(Report by Karthika Suresh Namboothiri, Supplementary Reports
by Syed Saif Hussain Naqvi
Editing by Subhranshu Sahu)