Southeast Asian stocks mostly fell on Wednesday, with Indonesia and Malaysia under mild selling pressure after recent gains to record highs. Thai shares recouped earlier losses amid late buying into battered bluechips such as Kasikornbank. Jakarta's Composiste Index finished down 0.3 percent at 4,350.29, coming off Tuesday's record close of 4,364.59. It was up 2.06 percent on the month, the region's second best after Malaysia's 2.22 percent gain in October.
Malaysia's main index closed at 1,673.07, ending a five-day rising spell. T he Philippine index ended nearly flat, with a monthly gain of 1.5 percent. Manila will be closed on Thursday and Friday for market holidays. The Thai SET index was up 0.3 percent, ending October nearly unchanged. Kasikornbank rose for a second session, climbing 1.1 percent to the highest in more than two weeks. Ho Chi Minh Stock Exchange VN Index eased 0.37 percent, extending its losses for a third session. It fell for the sixth month in October, down 1.1 percent.