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SE Asia Stocks-Most end higher as Xi calms U.S.-China trade war fears

* U.S. S&P 500 E-mini futures rise over 1 pct

* Broader Asian shares recover from losses, rise 0.9 pct

* Vietnam shares touch record high before ending lower

By Nicole Pinto

April 10 (Reuters) - Most Southeast Asian stock markets

closed higher on Tuesday, as Chinese President Xi Jinping

promised to lower import tariffs on products including cars,

easing concerns over an escalating U.S.-China trade row.

Xi also said China would raise the foreign ownership limit

in the automobile sector "as soon as possible" and push

previously announced measures to open up the financial sector.

"Xi's comments to reduce trade tensions are leading to a

'risk-on' environment and helps Southeast Asian equities," said

Sean Yokota, head of Asia strategy at SEB in Singapore.

Indonesia, the biggest gainer in the region, climbed

1.3 percent, while an index of the country's 45 most liquid

stocks was up 1.7 percent.

Financials led the way, with Bank Central Asia

jumping 2.3 percent and Bank Mandiri up nearly 4


Malaysian shares rose 0.6 percent ahead of data on

factory output, which likely rose 3.4 percent from a year ago in

February, according to a Reuters poll.

Sime Darby Plantation Bhd climbed 5.1 percent,

while Press Metal Aluminium Holdings Bhd jumped 6.6


Thai shares climbed, as property developer Central

Pattana PCL jumped 4.2 percent.

Philippine shares ended slightly lower, as Bank of

the Philippine Islands and Aboitiz Equity Ventures Inc

lost ground.

"There is continued weakness in the Philippine peso and that

has continued to pull down market sentiment," said Manny Cruz,

analyst at Asiasec Equities Inc.

Vietnam shares ended 0.5 percent lower after touching

a record high earlier in the session.

Realty firm Vingroup JSC hit an all-time high, but

erased gains to close 2.9 percent lower, while FLC Faros

Construction JSC slumped 6.2 percent.

U.S. S&P 500 E-mini futures rose over 1 percent,

while Asia shares ex-Japan recovered from early

losses to advance 0.9 percent.

For Asian Companies click;


Market Current Previous Pct Move


Singapore 3466.38 3449.96 0.48

Bangkok 1760.95 1751.27 0.55

Manila 7934.68 7945.66 -0.14

Jakarta 6325.818 6246.131 1.28

Kuala Lumpur 1860.98 1849.71 0.61

Ho Chi Minh 1198.12 1204.33 -0.52

Change so far

in 2018

Market Current End 2017 Pct Move

Singapore 3466.38 3402.92 1.86

Bangkok 1760.95 1753.71 0.41

Manila 7934.68 8558.42 -7.29

Jakarta 6325.818 6355.654 -0.47

Kuala Lumpur 1860.98 1796.81 3.57

Ho Chi Minh 1198.12 984.24 21.73

(Reporting by Nicole Pinto, additional reporting by Christina

Martin in Bengaluru; Editing by Biju Dwarakanath)