Major Southeast Asian stock markets closed mostly weaker-to-flat on Friday, with Thai stocks capping the worst weekly loss in the region, in line with downbeat global stock market sentiment due to concerns over the US fiscal cliff. Bangkok's SET index fell for a fourth straight session, ending the day down 0.22 percent, with weekly loss rising to 1.2 percent. Singapore's Straits Times Index inched down 0.1 percent, leaving losses for the week at 1 percent.
Among the leading decliners, Thai Oishi Group plunged 22 percent after the food and beverage firm reported a third-quarter net loss, while Singapore's Noble Group dropped 8 percent after the commodities trader reported lower-than-expected earnings for its third quarter. Malaysia's main index ended nearly unchanged, recouping earlier losses, as battered stocks such as Axiata Group Bhd regained some ground lost recently. It was down 0.9 percent on the week. Jakarta's Composite Index inched up 0.13 percent, down 0.12 percent on the week.