Most Southeast Asian stock markets, including the Stock Exchange of Thailand, closed lower on Monday, with Indonesia shedding over 1.5%, as soft China economic data revived concerns about global growth.
China's producer inflation slowed for the fourth month in October on cooling domestic demand and manufacturing activity, data from the National Bureau of Statistics showed on Friday.
Risk asset markets have been under intense pressure lately as fears of a peak in earnings growth added to anxieties about slowing global trade and investment.
Meanwhile, a spike in US bond yields, driven by the Federal Reserve's commitment to keep raising borrowing costs, has also shaken emerging markets as investors poured money into US dollar assets.
The SET index ended 13.67 points or 0.82% lower to 1,654.85, in turnover of 28 billion baht. Financials and materials were the top losers with index heavyweights Kasikornbank Plc and Siam Cement Plc shedding 2.9% and 1.4%, respectively.
Financials and consumer stables were the top losers in Indonesia, with the benchmark stock index declining 1.7% to a near two-week closing low.
Unilever Indonesia Tbk PT dipped 2.4%, while Bank Negara Indonesia (Persero) Tbk PT fell 5%.
Philippine shares fell for a second straight session, dragged by financials and industrials.
Aboitiz Equity Ventures Inc and Metro Pacific Investments Corp fell about 4.2% each.
Singapore stocks closed lower for a second consecutive session, with Singapore Telecommunications Ltd, Southeast Asia's largest telecom operator, declining 1.6% to a three-month closing low, while DBS Group Holdings Ltd, the city-state's largest lender, fell about 1% to a near two-week closing low.
Malaysian shares extended falls into a second session with IHH Healthcare Bhd shedding 3.7% to a 4-year closing low and financial services provider CIMB Group declining 1.1%.
Meanwhile, Vietnam shares edged higher on the back of financials and consumer staples. Saigon Beer Alcohol Beverage Corp rose 3.1% to a five-month closing high, while BaoViet Holdings climbed 2%.
