* Vietnam shares retreat from record close
* Malaysia falls to two-week low
* Philippines climbs to highest close in two weeks
By Nicole Pinto
April 3 (Reuters) - Most Southeast Asian stock markets ended
lower on Tuesday as Wall Street's overnight plunge, due to a
sell-off in tech shares, and anxiety over a potential trade war
between the United States and China muted global sentiment.
The losses in U.S. stocks were led by Amazon.com,
Tesla and Microsoft, while U.S.-China trade
tensions escalated as Beijing warned of counter-measures if the
United States imposed further tariffs on Chinese goods.
Over the weekend, China imposed extra tariffs on 128 U.S.
products, deepening a dispute between the world's top two
economies and stoking concerns about the impact on global
Thailand's SET Index was nearly 1 percent lower at
its close, with renewable energy firm Energy Absolute Pcl
down 12.8 percent, its lowest since Aug. 24.
Oil and gas company PTT Pcl fell 1.1 percent
Vietnam shares retreated 0.7 percent from a record
close. Vietnam Dairy Products JSC closed 3 percent
lower, at a three-week closing low.
Singapore shares closed 0.5 percent lower, dragged
down by financials.
United Overseas Bank Ltd slipped 1.6 percent to
its lowest since Feb. 14, while DBS Group Holdings Ltd
fell 0.5 percent.
Meanwhile, shares in Philippines inched up 0.1
percent, recovering the session's losses to hit a near two-week
"The Philippine market continued with its bargain-hunting as
the country is viewed as a safe alternative given the ongoing
trade wars," said Luis Limlingan, managing director, Regina
Capital Development Corp.
"Some portfolio managers share the view that emerging
markets such as our country may be a beneficiary of the trade
The industrial sector accounted for most of the gains on the
index, with SM Investments Corp up 3.2 percent and
International Container Terminal Services Inc 2 percent
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3412.15 3430.76 -0.54
Bangkok 1765.24 1782.28 -0.96
Manila 8048.72 8039.45 0.12
Jakarta 6229.013 6240.571 -0.19
Kuala Lumpur 1850.78 1858.35 -0.41
Ho Chi Minh 1188.29 1196.61 -0.70
Change on year
Market Current End 2017 Pct Move
Singapore 3412.15 3402.92 0.27
Bangkok 1765.24 1753.71 0.66
Manila 8048.72 8558.42 -5.96
Jakarta 6229.013 6355.654 -1.99
Kuala Lumpur 1850.78 1796.81 3.00
Ho Chi Minh 1188.29 984.24 20.73
(Reporting by Nicole Pinto in Bengaluru, additional reporting
by Neil Jerome Morales; Editing by Amrutha Gayathri)