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SE Asia Stocks-Fall on fresh worries of deteriorating U.S.-China relations

* Investors wary of escalation in trade tensions

* Singapore, Philippine stocks lead losses

By Shreya Mariam Job

Dec 6 (Reuters) - Southeast Asian stock markets closed lower

on Thursday, in line with broader Asia, after the arrest of a

top executive of Chinese tech giant Huawei for extradition to

the U.S. stoked fears of an escalation in tensions between the

two countries.

The MSCI's ex-Japan Asia-Pacific index fell 2 percent

as the recent development was seen as a blow to

U.S.-China relations, deepening scepticism about a potential

resolution to a long-running trade war as both parties enter a

crucial 90-day truce period.

Investor sentiment was dented further by rising worries of

an economic slowdown and a possible rise in U.S. interest rates

after the benchmark U.S. treasury 10-year yield hit a

three-month low on Wednesday.

"While the global economy is on a gradual slowdown rather

than an uncontrolled spiral, the path is on a knife's edge amid

U.S.-China trade tensions (notwithstanding a temporary truce),

tightening policy and geo-political risks kicking up volatility

and uncertainty," said Vishnu Varathan, head, economics and

strategy, at Mizuho Bank.

The Singapore index fell 1.3 percent, led by

technology stocks.

Singapore Press Holdings Ltd dropped 4.2 percent,

while Singapore Technologies Engineering Ltd dipped 2


Philippine stocks fell 1.3 percent with real estate

and financials leading the losses.

SM Prime Holdings Inc dipped 3.5 percent, while

Ayala Corp dropped 2.7 percent.

Meanwhile, a dip in oil prices on the backdrop of an OPEC

meeting sent Thai stocks 1.1 percent lower.

Oil prices fell on Thursday as stock markets slid and as

traders eyed a meeting of the oil bloc expected to result in a

supply cut aimed at draining a glut that has pulled down crude

prices by 30 percent since October.

Index heavyweights PTT PCL and Airports of Thailand

PCL were the top drags on the index, shedding 2.4

percent and 1.5 percent, respectively.

Indonesia and Malaysia lost 0.3 percent


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Change on the day

Market Current Previous close Pct Move

Singapore 3115.52 3155.92 -1.28

Bangkok 1653.73 1672.32 -1.11

Manila 7535.32 7630.9 -1.25

Jakarta 6115.493 6133.12 -0.29

Kuala Lumpur 1683.34 1688.27 -0.29

Ho Chi Minh 954.82 957.14 -0.24

Change on year

Market Current End prev yr Pct Move

Singapore 3115.52 3402.92 -8.45

Bangkok 1653.73 1753.71 -5.70

Manila 7535.32 8,558.42 -11.95

Jakarta 6115.493 6,355.65 -3.78

Kuala Lumpur 1683.34 1796.81 -6.32

Ho Chi Minh 954.82 984.24 -2.99

(Reporting by Shreya Mariam Job in Bengaluru; Editing by Sunil