BANGKOK: Most Southeast Asian stock markets fell on Monday in moderate volume as a decline in new US home sales added to concerns about slowing global growth, weighing on shares of resources and materials firms.
Foreigners remained buyers, however, offering regional bourses some support.
Malaysia saw net foreign inflows of 233.58 million ringgit ($75.9 million), Indonesia $26.7 million and the Philippines $12.2 million, though all three markets ended the day lower.
MSCI's broadest index of Asia Pacific shares outside Japan was trading down 0.6 percent at 1022 GMT.
Singapore and Thailand both fell 0.5 percent, with Singapore's main index closing at two-week low, while the Philippines lost 0.3 percent. Indonesia and Malaysia both ended around 0.2 percent weaker.
"The slowing global economy has become a concern again," said Bangkok-based strategist Teerada Charnyingyong of broker Phillip Securities.
Banks and petrochemical firms pulled the overall Thai market lower, and analysts expect a further correction next month as investors continue to take profits from a strong rally earlier this year.
"I think the Thai market will see a correction next month as well before moving up," Charnyingyong said.
Singaporegave up early gains after HSBC removed blue-chip Singapore Telecommunications Ltd from its top 10 Asian stocks equity portfolio, as it cut its rating for Singapore to under weight from over weight.
Casino operator Genting Singapore PLC fell 2 percent, leading the overall index down.
Analysts inSingaporeexpect the market to further consolidate until catalysts come from improved economic indicators from theUSin the near future.
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