SE Asian stocks fall along with regional bourses




Southeast Asian stock markets were lower on Wednesday, in line with broader Asia as investors await clues on the timing of a US rate hike, amid heightened uncertainty about the presidential race.


The Federal Reserve is expected to keep interest rates unchanged on Wednesday but set the stage for a hike in December amid signs the economy is picking up steam.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.3 per cent to seven-week lows.

Philippines hit its lowest since May 11 on Wednesday and were headed for an eighth straight session of losses.

Singapore shares fell as much as 0.6 per cent, on track for a fourth consecutive session of losses, weighed down by energy and financial stocks.

United Overseas Bank Ltd fall 1.0 per cent and Keppel Corp Ltd falling 0.6 per cent.

Oil prices fell for a fourth day on Wednesday.

Malaysia fell 0.4 per cent, while Vietnam bucked the trend by gaining 0.1 per cent.

Indonesia was marginally down, while Thailand fell 0.6 per cent, according to a news agency report.

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