SE Asian stocks mostly fall

Most Southeast Asian stocks fell on Friday tracking broader Asia and weak global markets overnight, as anxious investors pondered hedging the possible ramifications of a Trump presidency.

The Philippine index gained 0.8 per cent, led by consumer cyclicals and financials, with conglomerates SM Investments Corp and SM Prime Holdings Inc rising 0.3 per cent and 0.8 per cent, respectively.

The index on Thursday dropped more than 1.0 per cent to its lowest close in nearly six months.

The Philippine central bank said on Friday October inflation data was in line with its expectations.

Singapore shares fell for a sixth straight session, weighed down by telcos and industrials, with telecom service provider Starhub Ltd sliding 2.5 per cent.

Thai shares fell 0.7 per cent, dragged down by industrials and consumer cyclicals.

Indonesia shares were down, dragged down by energy and telecom services, with mining contractor United Tractors Tbk PT falling 3.0 per cent.

Thousands of protesters are expected to demand the resignation of the Jakarta governor, a Christian and the first ethnic Chinese in the job, over claims that he insulted the Koran.

The Malaysian index fell 0.1 per cent after government data showed exports fell more than expected in September, while Vietnam was marginally lower, according to a news agency report.