CORRECTED-SE Asia Stocks-Most fall on Fed rate hike chances; Indonesia down 2 pct

(Corrects headline to say Indonesia, not Philippines, down 2

pct)

By Sindhu Chandrasekaran

Nov 24 (Reuters) - Most Southeast Asian stock markets fell

on Thursday as upbeat U.S. economic data raised the probability

of a rate hike in December.

Indonesian shares led the fall with a drop of 2 percent as

the rupiah weakened to a near six-month low on foreign

investor selling.

"For every 1 percent depreciation in the rupiah, the market

ETF growth will come down by about 0.9 percent

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