U.S. Markets closed

SE Asia Stocks-Most fall on renewed global trade war pressures

* Singapore down for 4th consecutive session

* Malaysia falls for 3rd straight session

By Sumeet Gaikwad

Sept 3 (Reuters) - Most Southeast Asian stock markets fell

on Monday, in line with broader Asia, after the United States

and Canada failed to revamp their trade agreement, while fears

of an escalation in a bitter U.S.-China trade dispute also hit


Contentious talks between the United States and Canada ended

on Friday with no deal to overhaul the North American Free Trade

Agreement (NAFTA) after the mood soured, while U.S. President

Donald Trump signalled his intent to sign a bilateral trade pact

with Mexico.

Talks are set to resume on Wednesday with the aim of

reaching a deal all three nations can sign.

"The chance of a reduction in tensions on this (NAFTA) front

has lessened, while we also know Europe is readying to hit back

if President Trump imposes tariffs on cars and goes after the

bloc", said Greg McKenna, chief market strategist at

Sydney-based AxiTrader.

"And then we have China, pushed into a corner and unlikely

to be able to do a deal".

Trump said last week he was ready to implement new tariffs

as soon as a public comment period on the plan ended on

Thursday, which would be a major escalation following U.S.

tariffs on $50 billion of exports from China.

Singapore stocks fell for a fourth straight session,

hitting a near two-week low, bruised by losses in industrial and

telecom stocks. Singapore Telecommunications Ltd was

the top drag on the benchmark with a 1 percent decline, while

Singapore Technologies Engineering Ltd slid 1.8


Faltering telecom stocks also led the decline in Malaysian

shares, with the benchmark slipping for the third

straight session. The index was closed on Friday for a holiday.

Axiata Group and SIME Darby Plantation

fell 2.3 percent and 1.7 percent, respectively.

The Jakarta index fell ahead of the release of

annual inflation data, as losses in materials shares outweighed

gains in consumer staples and telecom stocks.

Indonesia's annual inflation likely picked up in August,

though the pace may remain comfortably within the central bank's

target range for the year, a Reuters poll showed on Friday.

Astra International was among the biggest drags,

sliding 1 percent, while Indocement Tunggal Prakarsa

shed some 2 percent. An index of the country's 45 most liquid

stocks was down 0.3 percent.

Thai shares rose slightly, helped by consumer

staples and healthcare stocks. Data released Monday showed Thai

annual headline consumer price index rose 1.62 percent in

August, beating a 1.54 percent rise forecast in a Reuters poll.

Charoen Pokphand Foods climbed nearly 2 percent,

while Thai Oil rose 1.2 percent.

For Asian companies, click


Change on the day

Market Current Previous close Pct Move

Singapore 3200.77 3213.48 -0.40

Bangkok 1722.16 1721.58 0.03

Manila 7826.01 7855.71 -0.38

Jakarta 6000.602 6018.46 -0.30

Kuala Lumpur 1817.12 1819.66 -0.14

Ho Chi Minh 989.54 998.07 -0.85

Change on year

Market Current End 2017 Pct Move

Singapore 3200.77 3402.92 -5.94

Bangkok 1722.16 1753.71 -1.80

Manila 7826.01 8558.42 -8.56

Jakarta 6000.602 6355.654 -5.59

Kuala Lumpur 1817.12 1796.81 1.13

Ho Chi Minh 989.54 984.24 0.54

(Reporting by Sumeet Gaikwad in Bengaluru; Editing by Sai

Sachin Ravikumar)