* Broader Asia shares ex-Japan up 0.2 pct
* Cautiously-optimistic view on Spore's manufacturing
By Shanima A
March 26 (Reuters) - Most Southeast Asian stocks edged
higher on Tuesday, with Indonesia adding 0.9 percent, as worries
over a U.S. recession ebbed after Treasury yields rose.
Sentiment continued to remain fragile, however, over
inversion of the 10-year U.S. Treasury yield curve, an indicator
of impending recession in the world's largest economy. Equities
around the world witnessed a sharp selloff on Monday on fears
over global economic growth.
However, the 10-year U.S. Treasury yield came
off late-2017 lows and edged up to 2.442 percent, sending the
MSCI's broadest index of Asia-Pacific shares outside Japan
0.2 percent higher after a 1.4 percent loss in
the previous session.
Indonesian stocks, the top performer in the region,
climbed 0.9 percent, boosted by gains in consumer staples and
Shares of cigarettes maker Gudang Garam Tbk PT
gained 2.9 percent, while Bank Negara Indonesia (Persero) Tbk
PT added 1.4 percent.
Singapore shares added 0.6 percent, with conglomerate
Jardine Matheson Holdings rising 1.2 percent.
The country's manufacturing output in February expanded
slightly, rising 0.7 percent from a year earlier.
OCBC Bank in a note forecast a "lacklustre view of the
manufacturing momentum for 1Q19 in the light of the dampened
global growth prospects."
Thai shares closed 0.4 percent higher despite data
showing the country's factory output in February slipped 1.6
percent, compared to a Reuters poll forecasting a 0.5 percent
Financials and energy stocks led the index higher, with oil
and gas explorer PTT Exploration and Production PCL
rising 0.8 percent and Kasikornbank PCL edging 1.1
In Philippines, the benchmark index gained 0.6
percent, bolstered by industrial sector. Heavyweights SM
Investments Corp and JG Summit Holdings added
1.2 percent and 1.5 percent, respectively.
Vietnam shares, however, bucked the trend and ended
marginally lower, hurt by losses in utilities and real estate
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Previous Close Pct Move
Singapore 3200.28 3182.92 0.55
Bangkok 1632.32 1625.91 0.39
Manila 7907.03 7863.02 0.56
Jakarta 6469.999 6411.251 0.92
Kuala Lumpur 1649.94 1649.15 0.05
Ho Chi Minh 969.79 970.07 -0.03
Change on year
Market Current End 2017 Pct Move
Singapore 3200.28 3068.76 4.29
Bangkok 1632.32 1563.88 4.38
Manila 7907.03 8558.42 -7.61
Jakarta 6469.999 6194.498 4.45
Kuala Lumpur 1649.94 1690.58 -2.40
Ho Chi Minh 969.79 984.24 -1.47
(Reporting by Shanima A in Bengaluru; Editing by Shreejay