Most Southeast Asian stock markets closed lower on Thursday, in line with losses across broader Asia, while Philippine shares extended their gains to a third straight session.
MSCI broadest index of Asia-Pacific shares outside Japan fell 0.7%.
The Stock Exchange of Thailand index fell 12.13 points or 0.72% to end the day at 1,682.91, in turnover worth 46 billion baht. Marine freight operator Precious Shipping Plc shed 1.6%, while construction supplies provider Dynasty Ceramic Plc slipped 0.9%.
Indonesian shares closed 0.4% lower, weighed down by telecom stocks such as PT Telekomunikasi Indonesia Tbk, which dropped 3.9%, and antenna and tower service provider PT Tower Bersama Infrastructure Tbk, which retreated 3.7%.
The index of the country's 45 most liquid stocks slipped 0.9%.
Singapore's stocks slipped 0.1%, as real-estate companies took a hit from the city-state's stricter guidelines on maximum number of units in new blocks of private flats, in a move to tackle cramped housing.
Property developer City Developments Ltd fell 2.3%, while another real estate stock UOL Group Ltd declined 1.4%.
Philippine stocks bucked the broader trend, posting a gain of 0.6%. Heavyweight industrials such as SM Investments Corp gained 2.1%, while Aboitiz Equity Ventures Inc rose 3.5%.
Malaysian equities dropped, with Telekom Malaysia Berhad shedding nearly 2%, and oil and gas refiner Petronas Gas Berhad losing 1%.
The government predicted wider fiscal deficits and slower economic growth than earlier forecast through 2020, as it unveiled new forecasts in the mid-term review of its five-year development plan.
