U.S. Markets closed

SE Asia Stocks-Most climb on hopes of Sino-U.S. trade truce

* Hopes of trade truce ahead of Trump-Xi meeting at G20

* Philippine, Indonesian shares slip

By Shreya Mariam Job

Nov 28 (Reuters) - Most Southeast Asian stock markets ended

higher on Wednesday after comments from U.S. and Chinese

officials spurred hopes of a deal between the two countries

which could ease their damaging trade conflict.

China is going to this week's G20 summit in Argentina with

hopes of striking a deal with the United States, Beijing's

ambassador to the United States told Reuters on Tuesday.

Separately, White House economic adviser Larry Kudlow said

on Tuesday that U.S. President Donald Trump was open to a trade

deal with China subject to conditions.

"Market participants are weighing the prospect of a trade

truce following Trump-Xi's dinner scheduled on this Saturday as

the U.S. side scaled back from Trump's earlier tough tone on

potentially raising tariffs further on Chinese imports," Huani

Zhu, an economist at Mizuho Bank, said in a report.

Asian shares were largely higher on Wednesday and in South

East Asia, Vietnamese stocks led the gains with a 0.8

percent rise, helped by financials and consumer staples stocks.

Joint Stock Commercial Bank for Foreign Trade of Vietnam

gained 3.2 percent, while Saigon Beer Alcohol Beverage

Corp added 3.3 percent.

Thai stocks rose 0.4 percent, as a bounce in oil

prices supported energy stocks. PTT PCL firmed 0.5

percent, while Siam Cement PCL climbed 1.8 percent.

Singaporean stocks ticked up marginally, helped

largely by technology shares. Singapore Technologies Engineering

Ltd rose 0.3 percent, while Golden Agri-Resources Ltd

gained 6.7 percent.

However, Philippine stocks ended 0.4 percent lower,

snapping four consecutive sessions of gains, a period in which

it gained 2.03 percent.

The benchmark was dragged lower by real estate and financial

stocks. Ayala Land Inc dipped 1.6 percent, while SM

Prime Holdings Inc slid 1.2 percent.

Meanwhile, telecom and materials shares drove Indonesian

stocks 0.4 percent lower.

Telekomunikasi Indonesia (Persero) Tbk Perusahaan Perseroan

PT dropped 4.1 percent, while Pabrik Kertas Tjiwi

Kimia Tbk PT plunged 9.1 percent, to its lowest close

in two weeks.

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Change on the day

Market Current Previous close Pct Move

Singapore 3094.48 3090.4 0.13

Bangkok 1640.63 1634.27 0.39

Manila 7382.43 7413.63 -0.42

Jakarta 5991.246 6013.589 -0.37

Kuala Lumpur 1686.55 1684.97 0.09

Ho Chi Minh 930.2 923.12 0.77

Change on year

Market Current End prev yr Pct Move

Singapore 3094.48 3402.92 -9.06

Bangkok 1640.63 1753.71 -6.45

Manila 7382.43 8,558.42 -13.74

Jakarta 5991.246 6,355.65 -5.73

Kuala Lumpur 1686.55 1796.81 -6.14

Ho Chi Minh 930.2 984.24 -5.49

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

Sachin Ravikumar)