SE Asia Stocks-Indonesia bounces back after rate hike; Thailand extends falls

* Indonesia snaps two straight sessions of declines

* Vietnam falls 1.7 pct, the most since early July

By Ambar Warrick

Aug 15 (Reuters) - Indonesian shares bounced back on

Wednesday after the central bank raised rates for the fourth

time since mid-May to defend the rupiah, while Thai and Vietnam

stocks fell in line with broader Asia.

The key Jakarta stock index fell as much as 1.4

percent before reversing course to end 0.8 percent higher after

two straight sessions of sharp falls.

Bank Indonesia raised its 7-day reverse repurchase rate by

25 basis points to 5.50 percent, as expected by six of 19

economists in a Reuters poll.

The rupiah has lost more than 7 percent this year,

making it one of the worst performing Asian currencies, amid

concerns about economic growth.

Weak fundamentals have also led to capital outflows, which

have weighed on the stock market. The country posted a

wider-than-expected trade deficit in July.

Telecom and energy stocks led the gains. Telekomunikasi

Indonesia climbed 2.4 percent, while coal miner Bayan

Resources rose 5.3 percent.

Consumer stocks also gained after the government said it

would impose import tariffs on consumer goods.

MSCI's broadest index of Asia-Pacific shares outside Japan

slid more than 1 percent to its lowest since

August 2017, as concerns about Turkey's financial crisis weighed

on investor appetite even though the lira moved away from an

all-time low.

The lira - which plummeted to a record 7.24 to

the dollar on Monday, rattling global markets - was about 2.9

percent stronger at 6.16 after rebounding more than 8 percent

overnight.

Vietnam shares fell 1.7 percent, the biggest

single-day fall in more than one month. Financials and utilities

were the biggest losers.

Joint Stock Commercial Bank for Foreign Trade of Viet Nam

declined 3.5 percent, while Petrovietnam Gas Joint

Stock Corp shed over 6 percent.

Thailand stocks fell for a second straight session

and closed more than 1 percent lower with energy stocks leading

the decline after oil prices softened.

PTT Pcl and PTT Exploration and Production Pcl

were the biggest drags on the benchmark index.

Oil prices were weighed down by gloomier global economic

outlook, as well as reports of rising U.S. crude inventories.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3234.12 3242.87 -0.27

Bangkok 1676.29 1695.35 -1.12

Manila 7540.92 7527.78 0.17

Jakarta 5816.59 5769.873 0.81

Kuala Lumpur 1785.94 1783.78 0.12

Ho Chi Minh 961.37 978.27 -1.73

Change on year

Market Current End 2017 Pct Move

Singapore 3234.12 3402.92 -4.96

Bangkok 1676.29 1753.71 -4.41

Manila 7540.92 8558.42 -11.89

Jakarta 5816.59 6355.654 -8.48

Kuala Lumpur 1785.94 1796.81 -0.60

Ho Chi Minh 961.37 984.24 -2.32

(Reporting by Ambar Warrick in Bengaluru; Editing by Subhranshu

Sahu)