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SE Asia Stocks-Most markets subdued; Philippines, Singapore extend falls

* Asia stocks fall to lowest in 17 months

* Thailand rises after 5 sessions of falls

By Niyati Shetty

Oct 9 (Reuters) - Most Southeast Asian stock markets were

subdued on Tuesday, tracking weakness in broader Asia as China

allowed its currency to slip past a psychological bulwark amid

sharp losses in domestic share markets.

The International Monetary Fund added to concerns about

trade war risks by cutting forecasts of global growth for both

this year and next, including downgrades to the outlook for the

United States, China and Europe.

Also weighing on sentiment were escalating trade frictions

between the world's top two economies, with U.S. Secretary of

State Mike Pompeo and Chinese Foreign Minister and State

Councillor Wang Yi airing their grievances in the open during a

brief visit to Beijing by Washington's top diplomat.

Meanwhile, yields on 10-year U.S. Treasury bonds remained

strong, hitting a fresh seven-year top on Tuesday, as bullish

comments on the U.S. economy by the Federal Reserve stoked

concerns of faster-than-expected interest rate hikes.

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

declined to a near 17-month low.

Philippine shares extended falls into a fourth

session and hit their lowest in more than three months, dragged

by industrials and financials.

Conglomerate Ayala Corp declined 2.2 percent, while

Aboitiz Equity Ventures fell 3.8 percent.

Singapore shares extended losses into a fourth

session, with Thai Beverage PCL shedding 2.9 percent

and Hongkong Land Holdings declining 0.6 percent.

Among gainers, Thai shares edged higher after five

straight sessions of falls, helped by energy stocks.

PTT Exploration and Production advanced 2.1


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Market Current Previous Pct Move


Singapore 3170.87 3181.45 -0.33

Bangkok 1700.95 1696.22 0.28

Manila 7016.84 7050.82 -0.48

Jakarta 5762.68 5761.073 0.03

Kuala Lumpur 1775.12 1775.75 -0.04

Ho Chi Minh 1001.03 996.12 0.49

Change on year

Market Current End 2017 Pct Move

Singapore 3170.87 3402.92 -6.82

Bangkok 1700.95 1753.71 -3.01

Manila 7016.84 8558.42 -18.01

Jakarta 5762.68 6355.654 -9.33

Kuala Lumpur 1775.12 1796.81 -1.21

Ho Chi Minh 1001.03 984.24 1.71

(Reporting by Niyati Shetty in Bengaluru; Editing by Subhranshu