Southeast Asian markets: Thai stocks see worst weekly drop in nearly two months

Thai stocks closed at a 11-week low on Friday, on concerns over domestic political uncertainty while other Southeast Asian markets recouped some early losses in thin trade amid caution about the prospect of a stimulus cut in the US
The Thai SET index fell for a fourth day, down 1.2 percent at 1,359.07, the lowest close since Sept. 6. It lost 4.3 percent on the week, its worst weekly fall since Sept. 27 and a year-to-date loss of 2.4 percent, making it Asia's third worst performer.
Foreign investors sold a net 2.4 billion baht ($75.48 million) on Friday, taking their net withdrawal so far this month to $983 million.
Regional indexes came off intraday lows amid late rebounds in regional large-cap shares such as Metropolitan Bank & Trust Co, DBS Group Holdings, CIMB Group Holdings and Semen Indonesia.
The Philippine stock market, plagued by concerns about the impact of Typhoon Haiyan, finished down 0.6 percent on the day and ended the week 4.1 percent lower, its biggest weekly loss since Aug. 23.
The region saw mixed performances on the week, with Singapore down 0.9 percent, reversing the gain on the previous week, and Indonesia falling 0.4 percent, a second week of losses.
Stocks in Malaysia gained 0.3 percent on the week after three weeks of falls while Vietnam rose 0.9 percent, a third week of gains.