U.S. Markets closed

SE Asia Stocks-Most rise as amended Brexit deal sharpens risk appetite

* Vietnam closes at over 5-month high, leads gains in region

* European Commission agreeing to tweaked Brexit deal calms

nerves

By Rashmi Ashok

March 12 (Reuters) - Most Southeast Asian stocks rose on

Tuesday, with Vietnam and Singapore leading gains after the

European Commission agreed to changes in a Brexit deal, whetting

appetite for riskier assets.

Investors, who have long grappled with Britain's exit from

the European Union, caught a break after the European Commission

agreed to additional assurances in an updated Brexit deal ahead

of a vote in British parliament.

A strong performance on Wall Street coupled with the

development in the deal lifted sentiment across broader Asia,

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

closing 1 percent higher.

Singapore stocks gained 0.7 percent, with Real estate

companies like City Developments Ltd and CapitaLand

Mall Trust rising 2 percent and 2.1 percent

respectively, boosting the benchmark.

Commodities trader Wilmar International Ltd closed

1.3 percent higher and was among top gainers, after signing a

deal post market hours on Monday to acquire full control of

bread and spreads maker Goodman Fielder.

Vietnam's index jumped 1.7 percent, its highest

closing level in over 5 months, with financial and real estate

stocks boosting the index.

Joint Stock Commercial Bank for Foreign Trade of Vietnam

added 3.5 percent and Vietnam Technological And

Commercial Joint Stock Bank gained 1.9 percent.

Malaysian stocks followed suit, ending 0.4 percent

higher. Aluminium manufacturer Press Metal Aluminium Holdings

Berhad rose about 2.6 percent.

Philippine stocks edged higher as gains in

industrials outweighed weakness in real estate scrips.

Conglomerate and index giant SM Investments Corp

rose 2.3 percent, while electric utilities provider Aboitiz

Equity Ventures Inc settled nearly 2 percent higher.

Meanwhile, the country's January trade data showed that

exports slipped 1.7 percent and imports grew about 5.8 percent

from a year ago, widening the country's trade deficit slightly.

Bucking the trend, Indonesia's index edged lower as

material stocks such as paper makers Indah Kiat Pulp & Paper Tbk

and Pabrik Kertas Tjiwi Kimia Tbk slipped.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3212.25 3191.42 0.65

Bangkok 1627.59 1627.43 0.01

Manila 7747.54 7708.72 0.50

Jakarta 6353.774 6366.434 -0.20

Kuala Lumpur 1671.28 1664.63 0.40

Ho Chi Minh 1001.32 984.6 1.70

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3212.25 3068.76 4.68

Bangkok 1627.59 1563.88 4.07

Manila 7747.54 7,466.02 3.77

Jakarta 6353.774 6,194.50 2.57

Kuala Lumpur 1671.28 1690.58 -1.14

Ho Chi Minh 1001.32 892.54 12.19

(Reporting by Rashmi Ashok in Bengaluru; Editing by Shreejay

Sinha)