* 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
"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
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
Thai shares closed 0.7 percent lower while the
Singapore index ended 0.4 percent weaker.
For Asian Companies click;
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)