U.S. Markets closed

SE Asia Stocks-Most down; Philippines extends fall

* Philippine shares fall over 1 pct on rising oil prices

* Indonesia ends lower after rupiah breaks 20-year low

* Singapore manufacturing data awaited

By Niyati Shetty

Oct 2 (Reuters) - Most Southeast Asian stock markets closed

lower on Tuesday as investors turned cautious after the

International Monetary Fund (IMF) said trade disputes and

tariffs are starting to dim the outlook for global growth.

IMF Managing Director Christine Lagarde on Monday said

growth was at its highest level since 2011, but had plateaued,

with fewer countries participating in the expansion.

Meanwhile, oil prices hit their highest level since November

2014 on Tuesday and Brent crude was near a 4-year peak.

The Manila index closed 1.2 percent lower as higher

crude oil prices worsened inflationary and monetary policy

concerns. The real estate sector, led by a 5.1 percent slide in

SM Prime Holdings and a 3.2 percent fall in Ayala Land

, was the biggest drag on the index.

"The weakness today is due to the continued rise in global

oil prices. Philippines being an importer of oil, higher global

oil prices could accelerate inflation concerns even more," said

Charles William Ang, associate analyst at COL Financial Group

Inc.

"The (Philippine) central bank might be forced to raise

interest rates to control inflation, and higher interest rates

would be bad for equities."

Last week, the Philippine central bank had raised interest

rates for the fourth time in five months and had kept the door

open for further tightening.

Indonesian stocks erased early gains and ended 1.2

percent lower as investors looked to reduce their exposure amid

a falling rupiah that broke a 20-year low. The currency

lost nearly 1 percent to the dollar for the day.

"I think it's more of a sentiment issue. It's beyond

Indonesia's control ... all they can do is to counter these

internally," said Taye Shim, head of research at Mirae Asset

Sekuritas in Indonesia, referring to global uncertainties and

factors.

The materials and financial sectors were the biggest drags

on the index. Indah Kiat Pulp & Paper Tbk and Bank

Mandiri (Persero) Tbk fell 6.3 percent and 3.7

percent, respectively.

Thai shares closed 0.7 percent lower while the

Singapore index ended 0.4 percent weaker.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3242.65 3255.46 -0.39

Bangkok 1748.09 1760.47 -0.70

Manila 7132.36 7222.08 -1.24

Jakarta 5875.619 5944.601 -1.16

Kuala Lumpur 1798.15 1792.46 0.32

Ho Chi Minh 1018.79 1012.88 0.58

Change on year

Market Current End 2017 Pct Move

Singapore 3242.65 3402.92 -4.71

Bangkok 1748.09 1753.71 -0.32

Manila 7132.36 8558.42 -16.66

Jakarta 5875.619 6355.654 -7.55

Kuala Lumpur 1798.15 1796.81 0.07

Ho Chi Minh 1018.79 984.24 3.51

(Reporting by Niyati Shetty; Editing by Vyas Mohan)