Indonesian shares  .JKSE fell as much as 0.7 percent in their biggest percentage drop since Jan. 9, with financials and consumer staples accounting for more than half of the decline.

Bank Central Asia  BBCA.JK was the biggest negative influence, followed by Unilever Indonesia  UNVR.JK.

"Trump has not spoken much about his policies, and that has made everyone nervous in the United States," said Harry Su, an analyst with Bahana Securities in Indonesia.

China's fourth-quarter gross domestic product growth came in at 6.8 percent, versus forecasts of 6.7 percent, supported by higher government spending and record bank lending.

Investors also took note of U.S. Federal Reserve Chair Janet Yellen's speech where she spoke of a gradual pace of rate hikes, as opposed to rapid hikes, to keep inflation low and jobs plentiful and avoid harming the recovery the Fed has sought to nurture.

"I think that allowing the economy to run markedly and persistently 'hot' would be risky and unwise," Yellen said in remarks prepared for delivery to the Stanford Institute for Economic Policy Research.

MSCI's broadest index of Asia-Pacific shares outside Japan  .MIAPJ0000PUS slipped 0.2 percent, and looked set to end the week 0.1 percent lower.

Philippine shares  .PSI were down after two consecutive sessions of gains on across-the-board sell off. Food products company Universal Robina Corp  URC.PS was the biggest loser.

Vietnam shares  .VNI gained 0.5 percent, led by consumer staples. Vietnam Dairy Products JSC  VNM.HM was the top gainer, up 1.75 percent, followed by Hanoi Beer Alcohol and Beverage Corp  BHN.HM.

Thailand  .SETI was up 0.3 percent after opening lower, helped by energy shares which rose on the back of stronger oil prices.

Oil climbed for a second day, underpinned by expectations of tighter supply and on reports of record Chinese demand, but prices remained under pressure from rising U.S. crude and gasoline inventories. O/R

Oil majors PTT PCL  PTT.BK led the gains in the sector, followed by Thai Oil PCL  TOP.BK.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS; Change at 0426 GMT

Current    

Previous Close

Pct Move

  Singapore         

3009.05    

3008.22    

0.03

  Bangkok           

1558.84    

1554.88    

0.25

  Manila            

7238.08    

7246.08    

-0.11

  Jakarta           

5265.747   

5298.948   

-0.63

  Kuala Lumpur      

1665.69    

1666.51    

-0.05

  Ho Chi Minh       

686.01     

682.31     

0.54

Change this year

Current    

End 2015   

Pct Move

  Singapore         

3009.05    

2880.76    

4.45

  Bangkok           

1558.84    

1542.94    

1.03

  Manila            

7238.08    

6952.08    

4.11

  Jakarta           

5265.747   

5296.711   

-0.58

  Kuala Lumpur      

1665.69    

1641.73    

1.46

  Ho Chi Minh       

686.01     

672.01     

2.08

Source: Reuters.com