* Mixed China economic data keeps investors wary
* Philippines falls for 3rd straight session
* Malaysia sees 8th winning session in 9
By Nikhil Nainan
April 17 (Reuters) - Stock markets in southeast Asia were
largely cautious on Tuesday as investors weighed up a mixed bag
of economic data out of China while the Philippine index slumped
to an over-11-month low.
China's economy grew 6.8 percent in the first quarter of
2018 from a year earlier, official data showed, unchanged from
the previous quarter. But separate data showed March industrial
output missed expectations and first-quarter fixed-asset
investment growth slowed, tempering equity market sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan
slipped 0.5 percent.
Philippine shares closed 1.9 percent lower, marking a
third consecutive session of losses.
There has been strong selling in the Philippines since late
February, said Fio Dejesus, an analyst at Manila-based RCBC
Although consolidation began last month, investors still
seem bearish, he said, adding the index might pick up from the
The index has fallen 9.8 percent so far this year.
Financials were among the biggest losers, with BDO Unibank
Inc, SM Investments Corp and Bank of the
Philippine Islands falling between 1.7 percent and 3.6
Indonesian shares were little changed as losses in
financials outweighed gains in energy stocks.
Bank Mandiri (Persero) Tbk PT fell 2.2 percent,
but losses on the index were capped by a 4.4 percent gain in
United Tractors Tbk PT.
Singapore shares closed marginally higher. Top lender
Oversea-Chinese Banking Corp Ltd climbed 1 percent to
a near-four-week high, while DBS Group Holdings Ltd
closed up 0.6 percent, hitting its highest in nearly five weeks.
Malaysian shares clocked their eighth winning
session in nine, ending up 0.1 percent after hitting their
highest in three and a half years earlier.
Gains from lender CIMB Group Holdings Bhd and
telecom company DiGi.Com Bhd kept the index afloat.
Vietnam shares closed up 0.4 percent, while Thai
shares fell 0.7 percent.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3498.2 3497.19 0.03
Bangkok 1755.53 1767.17 -0.66
Manila 7723.39 7870.25 -1.87
Jakarta 6285.762 6286.748 -0.02
Kuala Lumpur 1880.49 1878.76 0.09
Ho Chi Minh 1153.28 1148.49 0.42
Change on year
Market Current End 2017 Pct Move
Singapore 3498.2 3402.92 2.80
Bangkok 1755.53 1753.71 0.10
Manila 7723.39 8558.42 -9.76
Jakarta 6285.762 6355.654 -1.10
Kuala Lumpur 1880.49 1796.81 4.66
Ho Chi Minh 1153.28 984.24 17.17
(Reporting by Nikhil Kurian Nainan; Editing by Sunil Nair)