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SE Asia Stocks-Indonesia edges higher in see-saw trade

* Indonesia's September trade surplus boosts sentiment

* Singapore declines for seventh session in eight

By Chandini Monnappa

Oct 15 (Reuters) - Indonesian shares traded slightly higher

in see-saw trade on Monday on positive September trade data,

while Singapore stocks slipped for a seventh session in eight.

The key Jakarta stock index rose 1 percent before

shedding 0.4 percent on data showing exports advanced 1.7

percent on year, way below expectations of a 7.58 percent jump

in a Reuters poll.

The index recovered to trade marginally higher after data

showed imports climbed 14.18 percent, compared with an

expectation of a 24.76 percent rise, and a trade surplus of

$0.23 billion, compared with a $0.5 billion deficit prediction.

An index of the country's 45 most liquid stocks

was up 0.7 percent after rising 1.5 percent earlier.

PT Indah Kiat Pulp & Paper Tbk slumped 13 percent

to a 24-week low, making it the biggest loser on the index,

while PT Bank Central Asia Tbk rose 2.5 percent.

The key concern is still about the U.S. economic growth,

said Joel Ng, an analyst with KGI Securities, adding that, "U.S.

indices were very volatile last week."

"This is causing a lot of caution... and with China's GDP

data expected to come out later this week, people are just

waiting on the side lines."

China central bank governor Yi Gang said on Sunday the

country's economic growth would comfortably reach its full-year

target of around 6.5 percent with the possibility of

overshooting. The GDP data is expected on Oct. 19.

Meanwhile, at the plenary session of the International

Monetary Fund and World Bank meetings, Indonesian President Joko

Widodo urged global central bankers and finance ministers on

Friday to remain committed to cooperation to contain growing

risks facing the world's economy.

Malaysian shares were marginally higher after rising

as much as 0.5 percent earlier. Investment holding giant

Malaysia Airports Holdings Berhad gained 1.3 percent,

while energy heavyweight Petronas Dagangan Berhad rose

0.9 percent.

Philippine shares rose as much as 0.84 percent before

paring gains to trade marginally higher. Financial and real

estate stocks were among top gainers. BDO Unibank Inc

gained 2.6 percent, while real estate conglomerate Ayala Land

Inc rose about 1.8 pct.

Singapore shares declined 0.7 percent, dragged mostly

by financials and industrials.

"Over the weekend at the IMF meeting, there were concerns

about global growth. Singapore is more impacted by the ongoing

trade war between the United States and China," KGI's Ng said.

Finance chiefs of countries warned about global economic

pressure, so "I think there's caution over Singapore's stocks as

well," he said.

Blaming the Sino-U.S. trade dispute and tighter financial

conditions in emerging markets, the IMF cut global growth

forecasts for 2018 and 2019.

Technology services provider Venture Corp Ltd lost

2.3 percent, while Overseas Chinese Banking Corp

slipped 1.4 pct.

Thailand markets were closed on Monday for a local


For Asian Companies click;


Market Current Previous close Pct Move

Singapore 3055.39 3069.17 -0.45

Manila 7022.93 7004.77 0.26

Jakarta 5767.438 5756.49 0.19

Kuala Lumpur 1732.11 1730.74 0.08

Ho Chi Minh 959.1 970.08 -1.13

Change on year

Market Current End 2017 Pct Move

Singapore 3055.39 3402.92 -10.21

Manila 7022.93 8558.42 -17.94

Jakarta 5767.438 6355.654 -9.26

Kuala Lumpur 1732.11 1796.81 -3.60

Ho Chi Minh 959.1 984.24 -2.55

(Reporting by Chandini Monnappa, additional reporting by Rashmi

Ashok; Editing by Subhranshu Sahu)