Most Southeast Asian markets down

Most Southeast Asian stock markets fell on Monday, with stocks in Indonesia and Singapore each sliding around 1 percent led down by banking and commodities shares and large caps as the broader Asian markets weakened amid a patchy global growth outlook. Jakarta's Composite Index was down 1.04 percent at 4,761.46. Shares in Pt Bank Rakyat Indonesia Persero Tbk and Pt Bank Mandiri Persero Tbk dropped 4.9 percent and 2 percent, respectively.
Singapore's Straits Time Index ended down 0.9 percent at 3,239.95, with commodities names such as Golden Agri-Resources Ltd and Olam International Ltd leading among laggards. The MSCI's index of Southeast Asia was down 1 percent versus a 1.7 percent fall of the MSCI's broadest index of Asia-Pacific shares outside Japan. A sell-off in Chinese equities dragged Asian shares down sharply on Monday, as worries about Beijing tightening its grip on the property sector compounded weak sentiment already dampened by a patchy global growth outlook.