* Singapore down after 4 straight session of gains
* Financials drag Indonesian stocks lower
* Philippines set to extend lockdown in some areas
By Pranav A K
May 12 (Reuters) - Southeast Asian stock markets fell on
Tuesday amid fears of a coronavirus resurgence in China and its
implications for countries easing restrictions, while prospects
of Sino-U.S. tensions flaring further also weighed on sentiment.
The central Chinese city of Wuhan, where the pandemic
originated late last year, reported its first cluster of
infections since a lockdown was lifted a month ago, casting
doubts of a wider resurgence, while the reproduction rate in
Germany remained above the critical threshold of 1 on Monday.
Meanwhile, U.S. President Donald Trump said he opposed
renegotiating the "Phase 1" trade deal with China after a
Chinese state-run newspaper reported some government advisers in
Beijing were urging fresh talks and possibly invalidating the
agreement. "Markets are slightly unnerved by a dose of reality in the
form of secondary outbreaks occurring in China and South Korea,
and its implications for countries across the world," said
Jeffrey Halley, market analyst at OANDA.
"The prospect of U.S.-China trade tensions flaring also
weighed in, although I feel this is a storm in a teacup."
Singapore equities .STI declined 1.1% after four straight
sessions of gains, and were on course for their worst day in
more than a week.
Heavyweight financials weighed on the index with DBS Group
Holdings Ltd DBSM.SI , Southeast Asia's biggest lender,
slipping 3.2%, while CapitaLand Trust CACT.SI lost 3.1%.
Philippine stocks .PSI slid after President Rodrigo
Duterte said he would extend lockdown in some areas beyond May
15. Thai stocks .SETI gave up early gains to trade 0.1% lower,
after rising for two consecutive sessions.
Estimates from the Tourism Authority of Thailand showed on
Monday foreign tourist arrivals may plunge by almost two-thirds
to 14 million this year, the lowest in 14 years, due to the
COVID-19 pandemic. Indonesian shares .JKSE fell 0.8%, dragged lower by
financials.
Retail sales, an indicator of domestic demand in Southeast
Asia's largest economy, contracted by 4.5% in March from a year
earlier.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0341 GMT
Change on the day
Market Current Previous close Pct Move
Singapore 2581.79 2611.31 -1.13
Bangkok 1286.43 1287.3 -0.07
Manila 5647.34 5667.93 -0.36
Jakarta 4603.092 4639.105 -0.78
Kuala Lumpur 1381.08 1382.31 -0.09
Ho Chi Minh 827.59 828.33 -0.09
Change so far in 2020
Market Current End 2019 Pct Move
Singapore 2581.79 3222.83 -19.89
Bangkok 1286.43 1579.84 -18.57
Manila 5647.34 7,815.26 -27.74
Jakarta 4603.092 6,299.54 -26.93
Kuala Lumpur 1381.08 1588.76 -13.07
Ho Chi Minh 827.59 960.99 -13.88