JAKARTA, Aug 4 — Most Southeast Asian stock markets fell today, with the Thai index snapping a three-day rising streak as a weak economy dashed hopes of strong corporate earnings while the Malaysian index retreated as investors cashed quick gains in telecoms.

The Thai SET index eased, trimming some of the combined 1.6 per cent gain in the three sessions to Monday.

Shares of mobile operator Advanced Info Service fell 1.2 per cent on lower revenue growth forecast.

Banking shares fell 0.5 per cent ahead of the Bank of Thailand’s rate-setting committee meeting on Wednesday, with 20 out of 23 economists in a Reuters poll predicting the one-day repurchase rate would be left unchanged.

Malaysian stocks ended a three-day rally with a 1.2 per cent decline after having closed the previous session at their highest in nearly two months.

Leading the losses was telecommunications firm Maxis Bhd which ended 8.5 per cent lower.

Stocks in Indonesia fell 0.4 per cent, a day ahead of its second quarter GDP announcement. Indonesia’s GDP is expected to have slowed in the second quarter to its weakest in nearly six years.

The median forecast of 22 analysts in a Reuters poll is for growth at 4.61 per cent, even weaker than the 4.71 per cent growth posted in January-March.

Singapore eased marginally while Vietnam fell 1.4 per cent, extending losses to a third day.

Bucking the trend, the Philippines stock index rose 0.3 per cent. — Reuters