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SE Asia Stocks-Indonesia, Philippines rise; Sino-U.S. trade hopes lift sentiment

* Philippine cenbank to announce rate decision later in the


* Indonesia on track for a third consecutive session of


* Malaysian shares boosted by financials and telecom stocks

By Aman Swami

Nov 15 (Reuters) - Indonesian and Philippine stocks climbed

on Thursday, in line with broader Asian peers, as reports of

China delivering a written response to U.S. trade demands

augured well for traders.

China has delivered a written response to U.S. demands for

trade reforms, three U.S. government sources told Reuters on

Wednesday, sparking optimism that the world's two largest

economies could strike a deal to end a bitter trade war.

Traders have cautiously welcomed news in recent days that

Washington and Beijing have resumed informal discussions ahead

of a meeting between presidents Donald Trump and Xi Jinping late

this month. Few market watchers expect a trade agreement at the

meeting, but hopes are growing that they may agree on a

de-escalation while the two sides pursue more detailed talks.

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

Japan climbed 0.2 percent.

Indonesian stocks jumped 1.1 percent, on track for a

third straight session of gains as financial and

telecommunication stocks underpinned the bullish sentiment.

The archipelago nation surprisingly posted a

larger-than-expected trade deficit in October, as sluggish

export growth failed to cover surging import bills, data from

the statistics bureau showed on Thursday. Exports rose 3.59

percent in October to $15.80 billion, higher than the poll's

1.81 percent forecast.

Index heavyweights Telekomunikasi Indonesia (Persero) PT

rose as much as 2.7 percent, while shares of

conglomerate Unilever Indonesia Tbk climbed up to 1.8

percent, on track for a third consecutive session of gains.

The Philippine benchmark index edged higher ahead of

a central bank rate decision later in the session.

Analysts are evenly split on whether the Philippine central

bank will raise interest rates to tackle high inflation after

the economy grew at its slowest annual pace in more than three

years in the third quarter.

Conglomerate JG Summit Holdings Inc jumped as much

as 6.8 percent, while Philippine Long Distance Telephone Co

(PLDT), the country's most valuable listed firm, gained

up to 2 percent.

Malaysian stocks edged higher, after closing flat in

the previous session, with Telekom Malaysia Bhd and

CIMB Group Holdings Bhd leading the gains.

"Overnight weakness in the U.S. markets could be dragging on

stocks in Asia. I am mindful that some markets are up on

reported progress in trade negotiations between the U.S. and

China," said Liu Jinshu, director of research, NRA Capital.

Meanwhile, Thai and Singapore shares traded


Capitaland Ltd boosted the city-state's bourse,

climbing as much as 1.6 percent, while Oversea-Chinese Banking

Corporation Ltd dropped up to 1.4 percent.

Thai shares traded lower, dragged by losses in

consumer staples and telecommunication services stocks. Digital

life service provider Advanced Info Service PCL

slipped 2.2 percent, while glass container manufacturer Berli

Jucker PCL lost 4.9 percent.

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Market Current Previous close Pct Move

Singapore 3041.53 3043.19 -0.05

Bangkok 1649.63 1652.3 -0.16

Manila 6958.65 6923.08 0.51

Jakarta 5920.726 5858.293 1.07

Kuala Lumpur 1693.47 1688.41 0.30

Ho Chi Minh 896.08 900.93 -0.54

Change on year

Market Current End prev yr Pct Move

Singapore 3041.53 3402.92 -10.62

Bangkok 1649.63 1753.71 -5.93

Manila 6958.65 8,558.42 -18.69

Jakarta 5920.726 6,355.65 -6.84

Kuala Lumpur 1693.47 1796.81 -5.75

Ho Chi Minh 896.08 984.24 -8.96

(Reporting by Aman Swami, Editing by Sherry Jacob-Phillips)