SE Asia Stocks-Most over 2-wk high on US debt deal optimism

Reuters

Oct 11 (Reuters) - Most Southeast Asian stock markets rose

to more-than-two-week highs on Friday led by the Philippines as

optimism over progress in Washington to avert a possible debt

default boosted sentiment across the region.

President Barack Obama and Republican leaders appeared ready

to end a political crisis that has shuttered much of the U.S.

government and pushed the country dangerously close to a

default.

The Philippines main stock index, which gained 1.6

percent for the week, ended up 0.8 percent to a three-week high,

while Singapore's Straits Times index finished 0.3

percent firmer at its highest close since Oct. 1.

Singapore shares gained 1.3 percent for the week after

falling in the past two weeks.

Thailand's main index closed 0.4 percent up at a

three-week high and gained 2.1 percent in the week.

Indonesia's Jakarta Composite Index added 0.7

percent to hit its highest levels in more than two weeks, while

Malaysia ended 0.6 percent firmer at a two-week high.

Vietnam, bucking the trend, ended 0.1 percent weaker,

erasing earlier gains as investors were concerned over possible

fuel price hikes.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 416.16 412.51 +0.99

Singapore 3179.71 3169.91 +0.31

Kuala Lumpur 1785.75 1775.92 +0.55

Bangkok 1457.78 1451.91 +0.40

Jakarta 4519.91 4486.68 +0.74

Manila 6489.80 6435.97 +0.84

Ho Chi Minh 494.53 494.81 -0.06

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 416.16 424.10 -1.87

Singapore 3179.71 3167.08 +0.40

Kuala Lumpur 1785.75 1688.95 +5.73

Bangkok 1457.78 1391.93 +4.73

Jakarta 4519.91 4316.69 +4.71

Manila 6489.80 5812.73 +11.65

Ho Chi Minh 494.53 413.73 +19.53

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

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