* Philippines top loser with 1.1 pct decline
* Singapore rises for third straight session
By Niyati Shetty
Jan 8 (Reuters) - Most Southeast Asian stock markets fell on
Tuesday, with Philippines leading the decline, as investors
remained worried whether China and the United States can clinch
a comprehensive agreement before a March deadline.
U.S. Commerce Secretary Wilbur Ross predicted on Monday that
Beijing and Washington could reach a deal that "we can live
with" as officials from the world's top two economies hold
negotiations in China.
China's Foreign Ministry said Beijing had the "good faith"
to work with the United States to resolve trade frictions, but
many analysts doubt the two sides can reach a deal on all of the
"We have to look at it from a slightly bigger picture. You
cannot view it by a day-by-day basis because the trade deal is
not a one-day thing," said Charles William Ang, associate
analyst at COL Financial Group Inc.
"There might be recent developments but it has been an issue
for quite sometime now, so you cannot really judge the impact."
Philippine stocks closed 1.1 percent lower, snapping
four straight sessions of gains.
Financial and real estate stocks were the top losers, with
Ayala Corp and SM Prime Holdings Inc declining
2.8 percent and 2.3 percent, respectively.
Indonesian shares skidded 0.4 percent, hurt by
consumer stocks. Unilever Indonesia Tbk PT fell 2.6
percent, while cigarette maker Gudang Garam Tbk PT
dropped 1.7 percent.
An index of the country's 45 most liquid stocks
retreated 0.5 percent.
Meanwhile, Singapore shares closed higher for a third
consecutive session. DBS Group Holdings Ltd advanced
0.7 percent, while Oversea-Chinese Banking Corp Ltd
gained 1.1 percent.
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SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3122.94 3102.8 0.65
Bangkok 1594 1592.72 0.08
Manila 7702.12 7787.66 -1.10
Jakarta 6262.847 6287.224 -0.39
Kuala Lumpur 1672.76 1679.17 -0.38
Ho Chi Minh 887.44 889.64 -0.25
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3122.94 3068.76 1.77
Bangkok 1594 1563.88 1.93
Manila 7702.12 7,466.02 3.16
Jakarta 6262.847 6,194.50 1.10
Kuala Lumpur 1672.76 1690.58 -1.05
Ho Chi Minh 887.44 892.54 -0.57
(Editing by Subhranshu Sahu)