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SE Asia Stocks-Malaysia, Indonesia lead losses; Trump-Xi meeting in spotlight

* Malaysia posts fourth straight weekly decline

* Indonesia logs biggest monthly gain since Jan

By Shreya Mariam Job

Nov 30 (Reuters) - Malaysian and Indonesian shares led

losses on Friday amid caution ahead a high-stakes meeting

between leaders of China and the United States, while Thai

stocks rose on higher oil prices.

U.S. President Donald Trump and his Chinese counterpart Xi

Jinping are expected to discuss trade on the sidelines of the

G20 summit in Argentina on Saturday, where trade tariffs are

expected to dominate the agenda.

However, Trump sent mixed signals on Thursday about the

trade deal, saying an agreement was close but he was not sure he

wanted one, just as he left for Argentina for a meeting with

President Xi.

Meanwhile, China's manufacturing sector stalled for the

first time in over two years in November, adding to investor

jitters before the pivotal meeting.

China is the top trade partner of most Southeast Asian


Malaysian shares were the biggest losers in

Southeast Asia with a drop of 1 percent, dragged by consumer

non-cyclicals and industrials.

Axiata Group Bhd dipped 4 percent, while Sime

Darby Plantation Bhd slid 5.4 percent.

For the week, Malaysian shares declined about 1 percent in

their fourth straight weekly drop.

Indonesian shares closed 0.8 percent lower, marking

their third session of declines in four.

Financial and material stocks were among the top losers,

with United Tractors Tbk PT declining 6.3 percent and

Indah Kiat Pulp & Paper Tbk PT shedding 10.3 percent.

For the month, Indonesian shares gained 3.9 percent, their

sharpest since January.

Meanwhile, Thai stocks closed higher for a fifth

session in six, driven by energy stocks on stronger oil prices.

Brent oil prices firmed on expectations that OPEC and Russia

will agree some form of production cut next week.

Industry heavyweight PTT Exploration and Production PCL

climbed 2.3 percent, while Siam Commercial Bank PCL

rose 1.8 percent.

Singapore stocks extended gains into a third session,

helped by industrial and telecommunication services stocks.

Jardine Strategic Holdings Ltd gained 4.1 percent and

Golden Agri-Resources Ltd rose 6.5 percent.

The Philippine stock market was closed for a holiday.

For Asian Companies click;


Change on the day

Market Current Previous close Pct Move

Singapore 3117.61 3109.44 0.26

Bangkok 1641.8 1636.49 0.32

Jakarta 6056.124 6107.168 -0.84

Kuala Lumpur 1679.86 1696.34 -0.97

Ho Chi Minh 926.54 926.79 -0.03

Change on year

Market Current End prev yr Pct Move

Singapore 3117.61 3402.92 -8.38

Bangkok 1641.8 1753.71 -6.38

Jakarta 6056.124 6,355.65 -4.71

Kuala Lumpur 1679.86 1796.81 -6.51

Ho Chi Minh 926.54 984.24 -5.86

(Reporting by Shreya Mariam Job in Bengaluru; Editing by

Subhranshu Sahu)