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SE Asia Stocks-Most fall; Singapore rises on "window dressing"

* Trade war concerns hurt most SE Asian stocks

* Weak peso hurts Philippine stocks

* Thai production data misses, stocks retreat

By Devika Syamnath

Sept 25 (Reuters) - Philippine stocks fell on Tuesday

on the peso's continued slide coupled with renewed trade war

concerns, while Singapore extended gains for a fifth session

thanks to "window dressing" attempts by portfolio managers ahead

of the third quarter close.

Broader Asian stocks struggled as the latest round of

U.S.-China tariffs revived fears the trade dispute would knock

global growth, with neither side looking to be in a mood to

compromise.

MSCI's broadest index of Asia-Pacific shares outside Japan

edged down 0.3 percent.

"The failure of China and the U.S. to come to terms on the

negotiation table ... is creating weakness in major economies in

Asia, and has resulted in most Southeast Asian equities to

retreat from what they gained last week," said Manny Cruz, a

Manila-based analyst at Asiasec Equities Inc.

Earlier this month, Chinese officials welcomed an invitation

from Washington for a new round of trade talks but then scrapped

plans for diplomatic discussions on Friday.

"Given these developments, it is increasingly likely that

both sides will not resume negotiations for some time, at least

until there is a noticeable shift in the political mood on

either side," Mizuho Bank said in a note.

Philippines stocks fell the most in the region, down

about 0.7 percent after two days of gains, with financials and

real-estate stocks weighing on the index.

Top drags Bank of the Philippine Islands and

property developer SM Prime Holdings declined 3.3

percent and 2.6 percent, respectively.

"Weakness on the peso and the expectations of higher

inflation for the month of September are two factors that

dragged market sentiment," analyst Cruz said.

The peso extended its fall to a fourth day and

touched a near 13-year low on Tuesday, ahead of an expected rate

hike at the Philippine central bank's meeting on Thursday.

Financials stocks pushed Indonesia's index down as

much as 0.5 percent, with biggest weight Bank Mandiri (Persero)

down as much as 3.3 percent.

Malaysian shares also lost up to 0.2 percent, with

telecom sector accounting for over half of the fall.

Cruz attributed Singapore stocks' rise against the tide to

"window dressing" ahead of the third quarter's close, referring

to the practice where portfolio managers try to improve the

appearance of a fund's performance near the year or quarter end.

The city-state's index extended gains to a fifth straight

session, having added up to 0.5 percent to its best level since

August 30, helped mostly by financials and industrial stocks.

Top lender Oversea-Chinese Banking Corp and Keppel

Corp rose 1.2 percent and 2.6 percent, respectively.

Thai shares erased early gains to trade unchanged

after data showed manufacturing production index (MPI) in August

rose 0.66 percent but missed analysts' forecast.

Falling energy stocks checked gains in consumer staples with

Kasikornbank PCL, down 0.9 percent, the top drag and

countered top boost convenience store operator CP All PCL

, up as much as 1.8 percent.


Thailand hopes to benefit from a growing number of Asian

manufacturers of products moving to shift production from China

to other factories in the region in the wake of U.S. President

Donald Trump's tariffs on Chinese imports, a Reuters report said

on Monday.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Close Pct Move

Singapore 3231.89 3219.16 0.40

Bangkok 1748.92 1749.42 -0.03

Manila 7374.65 7433.61 -0.79

Jakarta 5856.995 5882.22 -0.43

Kuala Lumpur 1797.59 1800.17 -0.14

Ho Chi Minh 1013.91 1011.29 0.26

Change on year

Market Current End 2017 Pct Move

Singapore 3231.89 3402.92 -5.03

Bangkok 1748.92 1753.71 -0.27

Manila 7374.65 8558.42 -13.83

Jakarta 5856.995 6355.654 -7.85

Kuala Lumpur 1797.59 1796.81 0.04

Ho Chi Minh 1013.91 984.24 3.01

(Reporting by Devika Syamnath in Bengaluru, Additional

reporting by Rashmi Ashok in Bengaluru; Editing by Gopakumar

Warrier)