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SE Asia Stocks-Most end weaker on global growth worries, trade friction

* Investors eye China March trade data

* Malaysia posts third straight session of losses

* Philippines snaps three sessions of gains

By Shreya Mariam Job

April 11 (Reuters) - Most Southeast Asian stock markets

ended lower on Thursday, with Indonesia leading the declines, as

investors weighed warning signs of a slowing global economy amid

escalation of trade tensions between the United States and

European Union.

Cautious tone of European and U.S. central banks fuelled

worries of a slowing global economy with threats of Washington

slapping new tariffs on European Union goods further dampening

sentiment.

Investors are also eyeing China's March trade data due on

Friday, with exports expected to have rebounded in March after a

sharp drop in February, while imports likely shrank for a fourth

straight month but at a more modest pace, according to a Reuters

poll.

Leading the losses in the region, the Indonesian index

closed 1.1 percent lower as political uncertainties

multiplied ahead of the April 17 presidential elections.

Consumer and financial stocks dragged the index lower to a

near one-month closing low, with Astra International Tbk PT

dropping 1.6 percent and Bank Mandiri (Persero) Tbk PT

ending 2.6 percent weaker.

An index of the country's 45 most liquid stocks

declined 1.6 percent.


Malaysian equities closed nearly 1 percent weaker

after government data showed that the country's industrial

production in February rose at a slower pace compared with

January.

Malaysia's industrial production index rose 1.7 percent in

February from a year earlier, in line with the median estimate

among 10 economists surveyed by Reuters. However, the pace was

slower than January's growth, which came in at 3.2 percent

annually.

"The first two months of activity data underpin our view of

slower GDP growth in the first quarter of 2019," Prakash Sakpal,

an economist with ING said in a note.

"We have pencilled in a 25-basis point rate cut for the next

month to pre-empt any further growth downside in the rest of the

year," he added.

Meanwhile, Malaysia's state-owned investment firm Khazanah

Nasional raised 1.05 billion ringgit ($255 million) through the

sale of 85 million Tenaga Nasional shares at the

bottom of a 12.33–12.58 ringgit range.

Also weighing on sentiment were the major losses in Tenaga

Nasional. Shares of the utility firm closed 4.1 percent weaker

at their lowest in more than three-and-a-half years.

Philippine stocks snapped three sessions of gains to

close lower, with industrials contributing majority of the

losses.

Shares of JG Summit Holdings Inc and Aboitiz Equity

Ventures Inc declined 4.3 percent and 2.9 percent,

respectively.

Vietnam stocks closed higher, snapping two sessions

of declines with real estate shares boosting the index.


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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3330.82 3327.65 0.10

Bangkok 1659.09 1662.13 -0.18

Manila 7955.8 8008.53 -0.66

Jakarta 6410.166 6478.326 -1.05

Kuala Lumpur 1624.23 1639.46 -0.93

Ho Chi Minh 985.95 981.91 0.41

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3330.82 3068.76 8.54

Bangkok 1659.09 1563.88 6.09

Manila 7955.8 7,466.02 6.56

Jakarta 6410.166 6,194.50 3.48

Kuala Lumpur 1624.23 1690.58 -3.92

Ho Chi Minh 985.95 892.54 10.47

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

Jacob-Phillips)